Prices as of 8:01 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.140

$3.229

-2.76%

-$0.089

41,374

 

 

WTI

$92.02

$90.54

1.63%

$1.48

112,764

 

 

Brent

$94.98

$93.09

2.03%

$1.89

20,631

 

 

ULSD

$3.670

$3.587

2.31%

$0.083

9,941

 

 

RBOB

$3.103

$3.046

1.87%

$0.057

6,900

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.10

$5.10

0.00%

$0.00

Aug-26

 

 

3:2:1 Crack

$46.29

$45.36

2.06%

$0.94

Jul-26

 

 

PJM West Spark

$85.81

$86.61

-0.92%

-$0.80

Jul-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

06/05/26

563

1

4

06/06/25

 

 

Canada

06/05/26

169

7

55

06/06/25

 

 

International

May-2026

1046

-3

-25

May-2025

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 6/2/2026

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

132,211

131,430

131,739

-309

 

 

PJM West Off Peak

125,061

124,631

124,661

-30

 

 

Natural Gas Henry Hub

386,491

371,126

368,195

2,931

 

 

WTI – Light Sweet Crude Futures

425,719

360,850

333,203

27,647

 

 

Brent Crude Last Day

315,926

303,589

309,452

-5,863

 

 

NYM Ethanol

59,557

57,807

57,553

254

 

 

Mt Belvieu LDH Propane Swap

112,228

110,961

111,453

-492

 

 

RBOB

303,631

276,228

287,422

-11,194

 

 

HSC Basis

977,295

962,949

964,961

-2,012

 

 

 

 

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

 

 

 

 

06/04/21

 

 

 

5/29/26

5/22/26

Net Change

% Change

5/30/25

% Change

5 Year Avg.

% Change

 

 

East

480

447

33

7.38%

498

-3.61%

491

-2.32%

 

 

Midwest

573

539

34

6.31%

579

-1.04%

571

0.32%

 

 

Mountain

218

213

5

2.35%

205

6.34%

168

30.07%

 

 

Pacific

298

292

6

2.05%

261

14.18%

236

26.27%

 

 

South

1,009

993

16

1.61%

1,055

-4.36%

1,024

-1.46%

 

 

    Salt

310

305

5

1.64%

340

-8.82%

308

0.52%

 

 

    Non_Salt

699

688

11

1.60%

715

-2.24%

716

-2.37%

 

 

Total

2,578

2,483

95

3.83%

2,598

-0.77%

2,490

3.53%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

PJM West On Peak

Jul-26

$92.51

$93.51

-1.07%

-$1.00

$98.58

-6.16%

$85.20

8.59%

 

 

ERCOT North On Peak

Jul-26

$57.13

$58.67

-2.63%

-$1.54

$67.08

-14.84%

$88.22

-35.24%

 

 

CAISO SP 15 On Peak

Jul-26

$34.19

$34.94

-2.15%

-$0.75

$31.99

6.88%

$60.65

-43.63%

 

 

MISO Indiana On Peak

Jul-26

$76.59

$77.95

-1.75%

-$1.37

$80.28

-4.60%

$77.57

-1.26%

 

 

NEISO Mass On Peak

Jul-26

$86.58

$89.21

-2.95%

-$2.63

$91.99

-5.89%

$78.95

9.66%

 

 

WECC Mid C On Peak

Jul-26

$42.15

$41.72

1.03%

$0.43

$47.00

-10.32%

$82.86

-49.13%

 

 

NYISO Zone G On Peak

Jul-26

$86.95

$89.82

-3.20%

-$2.87

$91.02

-4.48%

$75.55

15.09%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

NYMEX Henry Hub

Jul-26

$3.229

$3.336

-3.21%

-$0.11

$3.02

6.81%

$4.29

-24.66%

 

 

Houston Ship Channel

Jul-26

-$0.465

-$0.470

-1.06%

$0.00

-$0.40

17.48%

-$0.34

38.15%

 

 

Chicago

Jul-26

-$0.433

-$0.452

4.62%

$0.02

-$0.35

23.15%

-$0.43

1.43%

 

 

Waha

Jul-26

-$5.005

-$5.030

-0.50%

$0.03

-$5.40

-7.30%

-$1.89

165.00%

 

 

Algonquin

Jul-26

$0.100

$0.125

-20.00%

-$0.02

$0.43

-76.48%

$0.07

35.69%

 

 

Aeco

Jul-26

-$1.860

-$1.955

-4.86%

$0.10

-$1.89

-1.46%

-$1.88

-1.23%

 

 

Socal

Jul-26

-$0.725

-$0.788

-7.94%

$0.06

-$0.93

-21.93%

$0.92

-178.86%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

Mt. Belvieu Propane LST

Jul-26

$0.791

$0.806

-1.86%

-$0.02

$0.83

-4.09%

$0.68

16.61%

 

 

Mt. Belvieu Propane non LST

Jul-26

$0.783

$0.784

-0.16%

$0.00

$0.80

-2.19%

$0.68

15.72%

 

 

Mt. Belview Ethane

Jul-26

$0.231

$0.238

-2.63%

-$0.01

$0.21

11.55%

$0.28

-17.64%

 

 

Mt. Belview Nat. Gasoline

Jul-26

$1.695

$1.698

-0.15%

$0.00

$1.93

-12.30%

$1.23

38.04%

 

 

Mt. Belvieu Butane LST

Jul-26

$1.012

$1.130

-10.43%

-$0.12

$1.11

-8.93%

$0.77

31.90%

 

 

Far East Propane

Jul-26

$7.110

$7.188

-1.09%

-$0.08

$6.70

6.12%

$4.82

47.39%

 

 

Saudi Propane

Jul-26

$6.780

$6.800

-0.29%

-$0.02

$6.25

8.48%

$4.73

43.27%

 

 

 

 

Crude Oil

 

 

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

WTI

Jul-26

$90.54

$93.04

-2.76%

-$2.50

$91.07

-0.58%

$60.76

49.01%

 

 

Brent

Jul-26

$94.24

$96.32

-2.21%

-$2.08

$100.06

-5.82%

$64.19

46.81%

 

 

WCS

Jul-26

-$13.01

-$11.81

9.22%

-$1.20

-$14.10

-7.74%

-$12.78

1.77%

 

 

LLS

Jul-26

$91.04

$92.87

-2.01%

-$1.83

$89.17

2.11%

$63.54

43.29%

 

 

Mars

Jul-26

$92.67

$94.39

-1.85%

-$1.72

$90.28

2.65%

$61.26

51.27%

 

 

Sour

Jul-26

$92.21

$93.40

-1.29%

-$1.19

$91.40

0.88%

$60.77

51.73%

 

 

ESPO

Jul-26

$92.24

$94.32

-2.26%

-$2.08

$98.06

-5.94%

$62.19

48.31%

 

 

 

 

Refined Products

 

 

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

NY Heating Oil

Jul-26

$3.60

$3.85

-6.47%

-$0.25

$3.73

-3.56%

$2.06

74.93%

 

 

NY Gasoline

Jul-26

$3.04

$3.08

-1.27%

-$0.04

$3.15

-3.49%

$1.98

53.45%

 

 

GC Gasoline

Jul-26

$2.90

$2.94

-1.33%

-$0.04

$3.01

-3.65%

$1.88

54.17%

 

 

GC Jet

Jul-26

$3.28

$3.32

-1.20%

-$0.04

$3.51

-6.53%

$1.91

72.09%

 

 

Chicago Ethanol

Jul-26

$1.94

$1.93

0.52%

$0.01

$1.94

0.00%

$1.67

16.45%

 

 

Rotterdam Gasoil

Jul-26

$907.85

$921.66

-1.50%

-$13.81

$956.23

-5.06%

$599.59

51.41%

 

 

Singapore Jet Kero

Jul-26

$135.96

$136.64

-0.50%

-$0.68

$132.77

2.40%

$79.26

71.55%

 

 

 

 

Implied Volatilities

 

 

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

Henry Hub Straddle

Jul-26

53.40%

46.59%

14.62%

6.81%

46.55%

14.72%

42.44%

25.83%

 

 

Algonquin Straddle

Jul-26

73.77%

76.17%

-3.15%

-2.40%

132.11%

-44.16%

40.51%

82.11%

 

 

Waha Straddle

Jul-26

128.37%

130.71%

-1.79%

-2.33%

189.72%

-32.34%

92.91%

38.17%

 

 

Chicago Straddle

Jul-26

54.62%

47.41%

15.20%

7.21%

48.41%

12.83%

42.49%

28.55%

 

 

PJM West Straddle

Jul-26

86.76%

77.65%

11.73%

9.11%

65.95%

31.55%

37.55%

131.05%

 

 

SP – 15 Straddle

Jul-26

172.92%

99.74%

73.37%

73.18%

161.30%

7.20%

95.30%

81.45%

 

 

Mid. C Straddle

Jul-26

34.39%

36.04%

-4.58%

-1.65%

44.89%

-23.39%

71.22%

-51.71%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

Dutch TTF

Jul-26

EUR 48.70

EUR 48.88

-0.38%

-EUR 0.18

EUR 44.54

9.33%

EUR 33.60

44.92%

 

 

NBP

Jul-26

GBP 117.64

GBP 118.50

-0.73%

-GBP 0.86

GBP 107.26

9.68%

GBP 81.86

43.70%

 

 

German Base

Jul-26

EUR 99.33

EUR 101.85

-2.48%

-EUR 2.52

EUR 87.53

13.48%

EUR 79.61

24.77%

 

 

UK Base

Jul-26

GBP 101.44

GBP 103.20

-1.70%

-GBP 1.76

GBP 91.88

10.40%

GBP 70.38

44.13%

 

 

French Base

Jul-26

EUR 54.35

EUR 58.35

-6.85%

-EUR 4.00

EUR 35.52

53.01%

EUR 43.12

26.04%

 

 

Italian Base

Jul-26

EUR 145.23

EUR 147.04

-1.23%

-EUR 1.81

EUR 134.18

8.23%

EUR 103.95

39.71%

 

 

JKM LNG

Jul-26

$18.51

$18.94

-2.25%

-$0.43

$16.85

9.88%

$11.95

54.89%

 

 

 

 

Freight Forwards (WET & DRY)

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-26

$92.31

$77.86

18.56%

$14.45

$61.92

49.08%

$9.84

838.11%

 

 

USGC-UK Continent Dirty (WET)

Jul-26

$45.17

$44.12

2.38%

$1.05

$50.96

-11.36%

$23.09

95.63%

 

 

TD20 West Africa to UK Continent (WET)

Jul-26

$25.54

$24.48

4.33%

$1.06

$28.79

-11.29%

$10.04

154.38%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-26

$215.69

$199.64

8.04%

$16.05

$150.76

43.07%

$54.47

295.98%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-26

$66.49

$64.24

3.50%

$2.25

$77.79

-14.53%

$24.41

172.39%

 

 

Supramax Timecharter (DRY)

Jul-26

$21,126.60

$19,769.20

6.87%

$1,357.40

$17,465.90

20.96%

$10,200.00

107.12%

 

 

Capesize Timecharter (DRY)

Jul-26

$36,795.40

$34,998.10

5.14%

$1,797.30

$31,297.90

17.57%

$21,163.70

73.86%

 

 

 

 

AGs and Softs

 

 

 

EOX Market Data

 

 

 

Contract

6/5/26

6/4/26

% Change

Change

5/7/26

% Change

6/5/25

% Change

 

 

Chicago Corn

Jul-26

$4.22

$4.24

-0.45%

-$0.02

$4.68

-9.67%

$4.71

-10.40%

 

 

Chicago Beans

Jul-26

$11.24

$11.50

-2.33%

-$0.27

$11.92

-5.75%

$10.74

4.61%

 

 

London Wheat

Jul-26

GBP 175.41

GBP 177.66

-1.27%

-GBP 2.25

GBP 181.82

-3.53%

GBP 193.50

-9.35%

 

 

London Coffee

Jul-26

$3,310.00

$3,353.00

-1.28%

-$43.00

$3,416.00

-3.10%

$4,230.95

-21.77%

 

 

New York Coffee

Jul-26

$246.65

$247.35

-0.28%

-$0.70

$273.55

-9.83%

$327.85

-24.77%

 

 

New York Cotton

Jul-26

$73.60

$74.91

-1.75%

-$1.31

$82.70

-11.00%

$71.20

3.36%

 

 

Canada Canola

Jul-26

CAD 759.00

CAD 783.00

-3.07%

-CAD 24.00

CAD 738.00

2.85%

CAD 704.23

7.78%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/06/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

10

5

-5

39

28

19

NA

NA

 

 

Middle Atlantic

19

4

-1

83

47

52

NA

NA

 

 

E N Central

21

-3

8

71

-1

42

NA

NA

 

 

W N Central

52

22

26

145

45

80

45.00%

123.00%

 

 

South Atlantic

54

-6

-1

500

88

16

21.00%

3.00%

 

 

E S Central

54

1

-3

334

96

32

40.00%

11.00%

 

 

W S Central

98

14

4

716

217

66

43.00%

10.00%

 

 

Mountain

49

11

14

228

51

66

29.00%

41.00%

 

 

Pacific

15

-1

-1

60

-10

21

NA

NA

 

 

United States

40

3

4

253

59

41

30.00%

19.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/06/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

35

6

8

6,598

28

439

0.00%

7.00%

 

 

Middle Atlantic

17

-3

-7

5,800

-89

460

-2.00%

9.00%

 

 

E N Central

14

-10

-11

6,047

-420

124

-6.00%

2.00%

 

 

W N Central

2

-20

-13

5,859

-860

-274

-13.00%

-4.00%

 

 

South Atlantic

4

0

-2

2,731

-119

138

-4.00%

5.00%

 

 

E S Central

2

-3

-1

3,126

-475

-55

-13.00%

-2.00%

 

 

W S Central

0

-1

0

1,702

-585

-241

-26.00%

-12.00%

 

 

Mountain

13

-17

-9

3,903

-1,249

-827

-24.00%

-17.00%

 

 

Pacific

12

-14

2

2,386

-788

-665

-25.00%

-22.00%

 

 

United States

10

-7

-4

4,041

-458

-73

-10.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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