Prices as of 6:22 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.258

$3.214

1.37%

$0.044

11,063

 

 

WTI

$94.76

$96.02

-1.31%

-$1.26

42,672

 

 

Brent

$96.27

$97.81

-1.57%

-$1.54

9,505

 

 

ULSD

$3.828

$3.848

-0.52%

-$0.020

3,704

 

 

RBOB

$3.070

$3.132

-1.96%

-$0.061

3,335

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.74

$5.10

-7.06%

-$0.36

Aug-26

 

 

3:2:1 Crack

$45.49

$46.20

-1.55%

-$0.72

Jul-26

 

 

PJM West Spark

$83.46

$80.66

3.47%

$2.80

Jul-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/29/26

562

4

-1

05/30/25

 

 

Canada

05/29/26

162

24

50

05/30/25

 

 

International

Apr-2026

1049

-9

-38

Apr-2025

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/26/2026

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

129,499

129,078

129,228

-150

 

 

PJM West Off Peak

123,071

122,684

122,770

-86

 

 

Natural Gas Henry Hub

393,233

376,750

373,193

3,557

 

 

WTI – Light Sweet Crude Futures

228,086

195,210

184,396

10,814

 

 

Brent Crude Last Day

335,423

322,135

328,928

-6,793

 

 

NYM Ethanol

56,454

55,828

55,808

20

 

 

Mt Belvieu LDH Propane Swap

112,928

112,377

112,163

214

 

 

RBOB

301,920

275,387

289,086

-13,699

 

 

HSC Basis

972,743

963,524

962,976

548

 

 

 

 

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

 

 

 

 

05/28/21

 

 

 

5/22/26

5/15/26

Net Change

% Change

5/23/25

% Change

5 Year Avg.

% Change

 

 

East

447

419

28

6.68%

462

-3.25%

458

-2.49%

 

 

Midwest

539

505

34

6.73%

541

-0.37%

542

-0.63%

 

 

Mountain

213

210

3

1.43%

198

7.58%

160

33.29%

 

 

Pacific

292

286

6

2.10%

254

14.96%

227

28.63%

 

 

South

993

972

21

2.16%

1,021

-2.74%

999

-0.60%

 

 

    Salt

305

298

7

2.35%

328

-7.01%

301

1.40%

 

 

    Non_Salt

688

673

15

2.23%

693

-0.72%

698

-1.46%

 

 

Total

2,483

2,391

92

3.85%

2,476

0.28%

2,386

4.05%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

PJM West On Peak

Jul-26

$90.43

$87.53

3.31%

$2.89

$100.04

-9.61%

$86.83

4.14%

 

 

ERCOT North On Peak

Jul-26

$59.22

$56.65

4.54%

$2.57

$70.84

-16.40%

$91.04

-34.95%

 

 

CAISO SP 15 On Peak

Jul-26

$33.00

$32.28

2.24%

$0.72

$37.00

-10.81%

$61.35

-46.21%

 

 

MISO Indiana On Peak

Jul-26

$75.83

$72.30

4.88%

$3.53

$83.44

-9.12%

$78.35

-3.22%

 

 

NEISO Mass On Peak

Jul-26

$87.16

$84.30

3.40%

$2.87

$94.68

-7.94%

$81.68

6.71%

 

 

WECC Mid C On Peak

Jul-26

$43.31

$48.23

-10.19%

-$4.92

$50.67

-14.52%

$85.62

-49.41%

 

 

NYISO Zone G On Peak

Jul-26

$87.55

$83.94

4.30%

$3.61

$93.69

-6.56%

$75.83

15.46%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

NYMEX Henry Hub

Jul-26

$3.214

$3.167

1.48%

$0.05

$3.07

4.62%

$4.26

-24.57%

 

 

Houston Ship Channel

Jul-26

-$0.475

-$0.477

-0.59%

$0.00

-$0.39

21.81%

-$0.34

41.66%

 

 

Chicago

Jul-26

-$0.429

-$0.433

0.72%

$0.00

-$0.33

28.33%

-$0.43

0.23%

 

 

Waha

Jul-26

-$5.005

-$5.020

-0.29%

$0.01

-$5.54

-9.70%

-$1.92

160.90%

 

 

Algonquin

Jul-26

$0.200

$0.160

25.00%

$0.04

$0.42

-52.00%

$0.07

196.30%

 

 

Aeco

Jul-26

-$1.834

-$1.835

-0.05%

$0.00

-$1.79

2.56%

-$1.90

-3.22%

 

 

Socal

Jul-26

-$0.829

-$0.832

-0.41%

$0.00

-$0.69

19.62%

$0.96

-186.73%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

Mt. Belvieu Propane LST

Jul-26

$0.830

$0.830

0.00%

$0.00

$0.86

-2.92%

$0.68

21.42%

 

 

Mt. Belvieu Propane non LST

Jul-26

$0.806

$0.820

-1.68%

-$0.01

$0.83

-2.27%

$0.68

18.60%

 

 

Mt. Belview Ethane

Jul-26

$0.231

$0.219

5.71%

$0.01

$0.21

11.14%

$0.29

-19.23%

 

 

Mt. Belview Nat. Gasoline

Jul-26

$1.790

$1.780

0.56%

$0.01

$2.07

-13.65%

$1.23

45.40%

 

 

Mt. Belvieu Butane LST

Jul-26

$1.109

$1.106

0.29%

$0.00

$1.18

-5.64%

$0.77

43.24%

 

 

Far East Propane

Jul-26

$7.440

$7.410

0.40%

$0.03

$7.40

0.54%

$4.89

52.18%

 

 

Saudi Propane

Jul-26

$6.910

$6.820

1.32%

$0.09

$6.67

3.54%

$4.79

44.32%

 

 

 

 

Crude Oil

 

 

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

WTI

Jul-26

$96.02

$93.76

2.35%

$2.26

$98.07

-2.09%

$60.95

57.54%

 

 

Brent

Jul-26

$99.19

$97.28

1.92%

$1.91

$109.87

-9.72%

$64.40

54.02%

 

 

WCS

Jul-26

-$13.21

-$13.74

-3.98%

$0.53

-$14.35

-7.94%

-$12.98

1.81%

 

 

LLS

Jul-26

$89.39

$87.14

2.52%

$2.25

$97.42

-8.24%

$62.91

42.09%

 

 

Mars

Jul-26

$90.66

$88.35

2.55%

$2.31

$98.53

-7.98%

$61.17

48.21%

 

 

Sour

Jul-26

$90.45

$88.32

2.35%

$2.13

$101.09

-10.52%

$61.21

47.78%

 

 

ESPO

Jul-26

$97.19

$95.28

1.96%

$1.91

$107.87

-9.90%

$62.40

55.75%

 

 

 

 

Refined Products

 

 

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

NY Heating Oil

Jul-26

$3.84

$3.67

4.52%

$0.17

$3.82

0.44%

$2.07

85.91%

 

 

NY Gasoline

Jul-26

$3.09

$3.08

0.59%

$0.02

$3.48

-11.17%

$1.99

55.82%

 

 

GC Gasoline

Jul-26

$2.95

$2.93

0.61%

$0.02

$3.34

-11.64%

$1.88

56.66%

 

 

GC Jet

Jul-26

$3.45

$3.41

1.41%

$0.05

$3.59

-3.68%

$1.94

78.37%

 

 

Chicago Ethanol

Jul-26

$1.95

$1.97

-0.86%

-$0.02

$2.03

-3.94%

$1.68

16.11%

 

 

Rotterdam Gasoil

Jul-26

$949.50

$927.00

2.43%

$22.50

$1,037.00

-8.44%

$587.04

61.74%

 

 

Singapore Jet Kero

Jul-26

$142.63

$137.20

3.96%

$5.43

$147.08

-3.03%

$80.43

77.32%

 

 

 

 

Implied Volatilities

 

 

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

Henry Hub Straddle

Jul-26

48.02%

47.21%

1.70%

0.80%

49.01%

-2.02%

42.59%

12.74%

 

 

Algonquin Straddle

Jul-26

82.97%

83.77%

-0.95%

-0.80%

140.93%

-41.13%

40.28%

105.98%

 

 

Waha Straddle

Jul-26

138.75%

128.42%

8.05%

10.34%

281.24%

-50.66%

95.89%

44.70%

 

 

Chicago Straddle

Jul-26

49.85%

48.94%

1.86%

0.91%

50.95%

-2.15%

42.90%

16.21%

 

 

PJM West Straddle

Jul-26

78.03%

76.11%

2.52%

1.92%

62.37%

25.11%

36.93%

111.29%

 

 

SP – 15 Straddle

Jul-26

97.94%

102.02%

-4.00%

-4.08%

179.63%

-45.48%

94.82%

3.29%

 

 

Mid. C Straddle

Jul-26

35.93%

43.15%

-16.73%

-7.22%

44.37%

-19.02%

71.85%

-49.99%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

Dutch TTF

Jul-26

EUR 49.19

EUR 48.13

2.21%

EUR 1.06

EUR 46.99

4.69%

EUR 33.15

48.36%

 

 

NBP

Jul-26

GBP 119.21

GBP 115.75

2.99%

GBP 3.46

GBP 114.25

4.34%

GBP 80.55

48.00%

 

 

German Base

Jul-26

EUR 102.09

EUR 100.17

1.92%

EUR 1.92

EUR 90.55

12.74%

EUR 78.69

29.74%

 

 

UK Base

Jul-26

GBP 103.29

GBP 100.75

2.53%

GBP 2.55

GBP 90.70

13.89%

GBP 70.54

46.43%

 

 

French Base

Jul-26

EUR 59.34

EUR 57.80

2.67%

EUR 1.54

EUR 36.06

64.56%

EUR 39.81

49.08%

 

 

Italian Base

Jul-26

EUR 148.49

EUR 143.64

3.38%

EUR 4.86

EUR 141.51

4.94%

EUR 103.28

43.78%

 

 

JKM LNG

Jul-26

$19.04

$18.31

4.00%

$0.73

$17.92

6.21%

$11.37

67.51%

 

 

 

 

Freight Forwards (WET & DRY)

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-26

$73.77

$70.74

4.28%

$3.03

$69.46

6.21%

$9.84

649.70%

 

 

USGC-UK Continent Dirty (WET)

Jul-26

$44.12

$42.55

3.69%

$1.57

$48.39

-8.82%

$22.83

93.25%

 

 

TD20 West Africa to UK Continent (WET)

Jul-26

$23.07

$23.28

-0.90%

-$0.21

$29.56

-21.96%

$10.92

111.26%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-26

$175.00

$181.71

-3.69%

-$6.71

$172.32

1.56%

$51.58

239.28%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-26

$61.31

$64.24

-4.56%

-$2.93

$75.39

-18.68%

$24.28

152.51%

 

 

Supramax Timecharter (DRY)

Jul-26

$18,719.80

$19,768.00

-5.30%

-$1,048.20

$19,421.30

-3.61%

$10,548.20

77.47%

 

 

Capesize Timecharter (DRY)

Jul-26

$34,622.20

$37,079.20

-6.63%

-$2,457.00

$35,024.70

-1.15%

$20,726.40

67.04%

 

 

 

 

AGs and Softs

 

 

 

EOX Market Data

 

 

 

Contract

6/3/26

6/2/26

% Change

Change

5/5/26

% Change

6/3/25

% Change

 

 

Chicago Corn

Jul-26

$4.41

$4.47

-1.19%

-$0.05

$4.84

-8.80%

$4.70

-6.05%

 

 

Chicago Beans

Jul-26

$11.60

$11.78

-1.54%

-$0.18

$12.28

-5.55%

$10.76

7.87%

 

 

London Wheat

Jul-26

GBP 180.62

GBP 182.75

-1.17%

-GBP 2.14

GBP 181.18

-0.31%

GBP 196.57

-8.12%

 

 

London Coffee

Jul-26

$3,373.00

$3,462.00

-2.57%

-$89.00

$3,369.00

0.12%

$4,120.77

-18.15%

 

 

New York Coffee

Jul-26

$252.90

$259.15

-2.41%

-$6.25

$293.00

-13.69%

$313.40

-19.30%

 

 

New York Cotton

Jul-26

$76.51

$77.00

-0.64%

-$0.49

$84.86

-9.84%

$71.59

6.87%

 

 

Canada Canola

Jul-26

CAD 795.90

CAD 778.00

2.30%

CAD 17.90

CAD 757.60

5.06%

CAD 703.36

13.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

05/30/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

4

1

4

29

24

24

NA

NA

 

 

Middle Atlantic

8

-2

7

64

43

53

NA

NA

 

 

E N Central

16

-2

16

51

3

34

NA

NA

 

 

W N Central

44

20

42

93

23

54

NA

NA

 

 

South Atlantic

71

18

23

446

94

18

27.00%

4.00%

 

 

E S Central

66

22

29

279

94

35

51.00%

14.00%

 

 

W S Central

79

6

2

618

203

62

49.00%

11.00%

 

 

Mountain

22

-9

-12

179

39

52

28.00%

40.00%

 

 

Pacific

1

-11

-6

45

-9

21

NA

NA

 

 

United States

35

4

11

213

56

37

36.00%

21.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

05/30/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

47

7

-1

6,556

16

424

0.00%

7.00%

 

 

Middle Atlantic

27

-2

-19

5,751

-118

435

-2.00%

8.00%

 

 

E N Central

16

-18

-37

6,033

-410

136

-6.00%

2.00%

 

 

W N Central

3

-27

-40

5,857

-841

-261

-13.00%

-4.00%

 

 

South Atlantic

2

-5

-14

2,695

-150

108

-5.00%

4.00%

 

 

E S Central

0

-9

-12

3,125

-471

-54

-13.00%

-2.00%

 

 

W S Central

0

-1

-2

1,700

-586

-243

-26.00%

-13.00%

 

 

Mountain

18

-19

-5

3,902

-1,220

-806

-24.00%

-17.00%

 

 

Pacific

47

16

29

2,380

-768

-662

-24.00%

-22.00%

 

 

United States

18

-5

-11

4,022

-460

-78

-10.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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