Prices as of 6:06 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.180

$3.220

-1.24%

-$0.040

12,029

 

 

WTI

$67.63

$68.58

-1.39%

-$0.95

39,353

 

 

Brent

$70.71

$72.95

-3.07%

-$2.24

10,670

 

 

ULSD

$3.202

$3.218

-0.49%

-$0.016

3,976

 

 

RBOB

$2.887

$2.945

-1.98%

-$0.058

6,229

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.05

$3.06

-0.33%

-$0.01

Sep-26

 

 

3:2:1 Crack

$52.47

$53.32

-1.59%

-$0.85

Aug-26

 

 

PJM West Spark

$84.85

$87.61

-3.15%

-$2.76

Aug-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

06/26/26

573

10

26

06/27/25

 

 

Canada

06/26/26

197

11

57

06/27/25

 

 

International

June-2026

1073

27

-2

June-2025

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 6/23/2026

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

128,747

128,310

128,333

-23

 

 

PJM West Off Peak

122,365

122,077

121,962

115

 

 

Natural Gas Henry Hub

393,187

377,456

376,413

1,043

 

 

WTI – Light Sweet Crude Futures

444,248

384,655

360,317

24,338

 

 

Brent Crude Last Day

362,081

349,821

354,516

-4,695

 

 

NYM Ethanol

51,645

51,098

50,993

105

 

 

Mt Belvieu LDH Propane Swap

104,877

104,349

104,221

128

 

 

RBOB

318,251

293,957

303,055

-9,098

 

 

HSC Basis

958,030

950,412

949,445

967

 

 

 

 

EIA Short Term Energy Outlook

 

 

 

 

 

 

 

2023

2024

2025 Projected

2026 Projected

 

 

Brent

$0.00

$2.19

$0.00

$3.50

 

 

Gasoline

$0.00

$11.90

$0.00

$17.00

 

 

Crude Oil Production

$0.00

$0.00

$0.00

$0.00

 

 

Natural Gas Spot

$0.00

$42.00

$0.00

$39.00

 

 

LNG Exports

0.00

16.00

0.00

16.00

 

 

 

 

 

 

 

 

 

 

Electrical Generation %

2023

2024

2025 Projected

2026 Projected

 

 

Conventional hydropower

0.00%

6.00%

0.00%

6.00%

 

 

Wind

0.00%

11.00%

0.00%

11.00%

 

 

Solar

0.00%

5.00%

0.00%

8.00%

 

 

Other energy sources

0.00%

1.00%

0.00%

1.00%

 

 

 

 

 

 

 

 

 

 

 

Short Term Energy Outlook

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

06/25/21

 

 

 

6/19/26

6/12/26

Net Change

% Change

6/20/25

% Change

5 Year Avg.

% Change

 

 

East

558

532

26

4.89%

589

-5.26%

566

-1.48%

 

 

Midwest

672

638

34

5.33%

665

1.05%

652

3.04%

 

 

Mountain

227

226

1

0.44%

223

1.79%

186

21.78%

 

 

Pacific

312

309

3

0.97%

281

11.03%

249

25.10%

 

 

South

1,066

1,053

13

1.23%

1,140

-6.49%

1,068

-0.15%

 

 

    Salt

325

325

0

0.00%

352

-7.67%

311

4.57%

 

 

    Non_Salt

741

728

13

1.79%

788

-5.96%

757

-2.09%

 

 

Total

2,835

2,759

76

2.75%

2,898

-2.17%

2,722

4.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

PJM West On Peak

Aug-26

$91.66

$94.50

-3.00%

-$2.84

$76.37

20.02%

$78.19

17.23%

 

 

ERCOT North On Peak

Aug-26

$78.17

$75.58

3.42%

$2.59

$94.51

-17.29%

$123.78

-36.85%

 

 

CAISO SP 15 On Peak

Aug-26

$38.45

$39.25

-2.04%

-$0.80

$44.24

-13.09%

$70.88

-45.76%

 

 

MISO Indiana On Peak

Aug-26

$73.15

$76.49

-4.36%

-$3.34

$69.07

5.90%

$71.39

2.46%

 

 

NEISO Mass On Peak

Aug-26

$71.93

$70.94

1.40%

$0.99

$71.69

0.34%

$66.48

8.20%

 

 

WECC Mid C On Peak

Aug-26

$50.25

$50.25

0.00%

$0.00

$62.39

-19.46%

$116.76

-56.96%

 

 

NYISO Zone G On Peak

Aug-26

$72.49

$78.18

-7.28%

-$5.69

$65.24

11.10%

$65.92

9.96%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

NYMEX Henry Hub

Aug-26

$3.220

$3.275

-1.68%

-$0.06

$3.19

0.85%

$4.18

-22.87%

 

 

Houston Ship Channel

Aug-26

-$0.477

-$0.472

1.06%

$0.00

-$0.48

-0.10%

-$0.32

48.43%

 

 

Chicago

Aug-26

-$0.465

-$0.470

1.08%

$0.00

-$0.43

7.69%

-$0.41

13.78%

 

 

Waha

Aug-26

-$2.580

-$2.600

-0.77%

$0.02

-$4.08

-36.76%

-$1.51

71.08%

 

 

Algonquin

Aug-26

-$0.265

-$0.290

8.62%

$0.03

-$0.39

-31.65%

-$0.01

3797.06%

 

 

Aeco

Aug-26

-$2.190

-$2.165

1.15%

-$0.03

-$1.83

19.90%

-$2.03

7.64%

 

 

Socal

Aug-26

-$0.245

-$0.009

2684.09%

-$0.24

-$0.05

393.95%

$0.82

-129.85%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

Mt. Belvieu Propane LST

Aug-26

$0.711

$0.720

-1.22%

-$0.01

$0.82

-13.00%

$0.67

5.95%

 

 

Mt. Belvieu Propane non LST

Aug-26

$0.690

$0.704

-1.98%

-$0.01

$0.81

-15.21%

$0.67

3.19%

 

 

Mt. Belview Ethane

Aug-26

$0.238

$0.240

-1.04%

$0.00

$0.22

5.94%

$0.27

-13.23%

 

 

Mt. Belview Nat. Gasoline

Aug-26

$1.468

$1.498

-2.00%

-$0.03

$1.75

-16.14%

$1.24

17.93%

 

 

Mt. Belvieu Butane LST

Aug-26

$0.881

$0.900

-2.04%

-$0.02

$1.11

-20.75%

$0.77

14.73%

 

 

Far East Propane

Aug-26

$5.709

$5.743

-0.60%

-$0.03

$6.80

-16.04%

$4.94

15.66%

 

 

Saudi Propane

Aug-26

$5.100

$5.130

-0.58%

-$0.03

$6.23

-18.14%

$4.80

6.32%

 

 

 

 

Crude Oil

 

 

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

WTI

Aug-26

$68.58

$69.50

-1.34%

-$0.92

$90.47

-24.20%

$61.50

11.51%

 

 

Brent

Aug-26

$71.40

$73.15

-2.45%

-$1.75

$96.00

-25.62%

$64.94

9.95%

 

 

WCS

Aug-26

-$14.60

-$13.60

6.80%

-$0.99

-$12.25

19.14%

-$12.69

14.97%

 

 

LLS

Aug-26

$69.71

$70.32

-0.87%

-$0.61

$85.08

-18.06%

$64.01

8.91%

 

 

Mars

Aug-26

$66.40

$68.10

-2.57%

-$1.71

$86.34

-23.10%

$61.30

8.32%

 

 

Sour

Aug-26

$68.92

$69.64

-1.04%

-$0.72

$86.29

-20.13%

$61.29

12.44%

 

 

ESPO

Aug-26

$69.40

$71.15

-2.52%

-$1.75

$94.00

-26.17%

$62.94

10.26%

 

 

 

 

Refined Products

 

 

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

NY Heating Oil

Aug-26

$3.21

$3.24

-0.92%

-$0.03

$3.62

-11.26%

$2.15

49.49%

 

 

NY Gasoline

Aug-26

$2.94

$2.90

1.21%

$0.03

$3.04

-3.26%

$1.99

47.79%

 

 

GC Gasoline

Aug-26

$2.80

$2.76

1.27%

$0.04

$2.90

-3.42%

$1.85

51.41%

 

 

GC Jet

Aug-26

$2.79

$2.76

1.12%

$0.03

$3.38

-17.56%

$1.96

42.30%

 

 

Chicago Ethanol

Aug-26

$1.88

$1.88

-0.16%

$0.00

$1.98

-4.81%

$1.60

17.65%

 

 

Rotterdam Gasoil

Aug-26

$821.00

$819.00

0.24%

$2.00

$893.65

-8.13%

$575.90

42.56%

 

 

Singapore Jet Kero

Aug-26

$113.67

$112.95

0.64%

$0.72

$133.20

-14.66%

$80.41

41.37%

 

 

 

 

Implied Volatilities

 

 

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

Henry Hub Straddle

Aug-26

45.03%

46.50%

-3.16%

-1.47%

48.24%

-6.64%

40.49%

11.22%

 

 

Algonquin Straddle

Aug-26

51.81%

91.93%

-43.64%

-40.11%

61.05%

-15.12%

38.21%

35.60%

 

 

Waha Straddle

Aug-26

694.96%

717.10%

-3.09%

-22.14%

180.79%

284.39%

55.18%

1159.45%

 

 

Chicago Straddle

Aug-26

47.63%

49.79%

-4.34%

-2.16%

48.41%

-1.62%

40.29%

18.21%

 

 

PJM West Straddle

Aug-26

91.56%

86.52%

5.83%

5.04%

63.95%

43.17%

41.37%

121.32%

 

 

SP – 15 Straddle

Aug-26

166.41%

169.44%

-1.79%

-3.03%

257.58%

-35.39%

142.95%

16.41%

 

 

Mid. C Straddle

Aug-26

29.82%

45.38%

-34.29%

-15.56%

50.08%

-40.46%

108.14%

-72.42%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

Dutch TTF

Aug-26

EUR 43.03

EUR 42.92

0.25%

EUR 0.11

EUR 48.17

-10.67%

EUR 32.57

32.12%

 

 

NBP

Aug-26

GBP 102.08

GBP 104.05

-1.89%

-GBP 1.97

GBP 116.00

-12.00%

GBP 80.43

26.91%

 

 

German Base

Aug-26

EUR 101.01

EUR 104.08

-2.95%

-EUR 3.07

EUR 98.46

2.59%

EUR 80.48

25.50%

 

 

UK Base

Aug-26

GBP 94.54

GBP 92.44

2.27%

GBP 2.10

GBP 98.04

-3.57%

GBP 67.71

39.63%

 

 

French Base

Aug-26

EUR 56.88

EUR 58.47

-2.73%

-EUR 1.59

EUR 49.21

15.59%

EUR 49.52

14.86%

 

 

Italian Base

Aug-26

EUR 132.20

EUR 133.34

-0.85%

-EUR 1.14

EUR 136.79

-3.36%

EUR 106.03

24.69%

 

 

JKM LNG

Aug-26

$16.41

$16.41

-0.02%

$0.00

$18.27

-10.21%

$11.79

39.19%

 

 

 

 

Freight Forwards (WET & DRY)

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Aug-26

$43.45

$42.95

1.16%

$0.50

$53.06

-18.11%

$10.65

307.98%

 

 

USGC-UK Continent Dirty (WET)

Aug-26

$39.92

$42.02

-5.00%

-$2.10

$38.45

3.82%

$23.17

72.29%

 

 

TD20 West Africa to UK Continent (WET)

Aug-26

$29.27

$28.77

1.74%

$0.50

$19.80

47.83%

$10.09

190.09%

 

 

LPG FFA Middle East Gulf to East (WET)

Aug-26

$173.71

$153.00

13.54%

$20.71

$140.23

23.88%

$54.22

220.38%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Aug-26

$68.75

$68.75

0.00%

$0.00

$57.48

19.61%

$25.17

173.14%

 

 

Supramax Timecharter (DRY)

Aug-26

$18,532.80

$19,391.10

-4.43%

-$858.30

$19,329.80

-4.12%

$10,836.70

71.02%

 

 

Capesize Timecharter (DRY)

Aug-26

$32,194.00

$31,112.90

3.47%

$1,081.10

$33,931.50

-5.12%

$20,834.80

54.52%

 

 

 

 

AGs and Softs

 

 

 

EOX Market Data

 

 

 

Contract

7/1/26

6/30/26

% Change

Change

6/2/26

% Change

7/1/25

% Change

 

 

Chicago Corn

Aug-26

$4.17

$4.07

2.23%

$0.09

$4.51

-7.57%

$4.37

-4.73%

 

 

Chicago Beans

Aug-26

$11.30

$11.24

0.56%

$0.06

$11.83

-4.43%

$10.71

5.57%

 

 

London Wheat

Aug-26

GBP 173.43

GBP 171.50

1.13%

GBP 1.94

GBP 183.07

-5.26%

GBP 193.14

-10.20%

 

 

London Coffee

Aug-26

$3,863.53

$3,758.65

2.79%

$104.88

$3,400.43

13.62%

$3,478.93

11.06%

 

 

New York Coffee

Aug-26

$320.65

$304.71

5.23%

$15.94

$256.23

25.14%

$264.07

21.43%

 

 

New York Cotton

Aug-26

$73.93

$73.00

1.28%

$0.93

$77.97

-5.17%

$70.65

4.65%

 

 

Canada Canola

Aug-26

CAD 723.37

CAD 739.32

-2.16%

-CAD 15.95

CAD 778.66

-7.10%

CAD 730.22

-0.94%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/27/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

17

-5

-48

122

65

7

NA

NA

 

 

Middle Atlantic

27

-10

-62

199

77

25

63.00%

14.00%

 

 

E N Central

12

-30

-93

155

-24

-45

-13.00%

-22.00%

 

 

W N Central

35

-20

-53

273

33

31

14.00%

13.00%

 

 

South Atlantic

87

3

-26

772

131

-4

20.00%

-1.00%

 

 

E S Central

73

-7

-39

567

115

1

25.00%

0.00%

 

 

W S Central

120

9

-1

1,060

252

75

31.00%

8.00%

 

 

Mountain

72

8

20

429

85

72

25.00%

21.00%

 

 

Pacific

24

-6

12

144

2

35

1.00%

32.00%

 

 

United States

51

-8

-34

425

77

16

22.00%

4.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/27/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

7

0

4

6,617

8

421

0.00%

7.00%

 

 

Middle Atlantic

5

2

4

5,812

-99

457

-2.00%

9.00%

 

 

E N Central

15

11

15

6,083

-413

146

-6.00%

2.00%

 

 

W N Central

10

4

7

5,889

-859

-263

-13.00%

-4.00%

 

 

South Atlantic

0

0

0

2,731

-122

138

-4.00%

5.00%

 

 

E S Central

0

0

0

3,127

-477

-54

-13.00%

-2.00%

 

 

W S Central

0

0

0

1,702

-585

-241

-26.00%

-12.00%

 

 

Mountain

4

-8

-7

3,925

-1,280

-823

-25.00%

-17.00%

 

 

Pacific

5

-7

-7

2,406

-818

-673

-25.00%

-22.00%

 

 

United States

5

1

2

4,056

-467

-71

-10.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol * Freight * Ags * Spreads – Charts

 

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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