Prices as of 7:30 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.723

$3.784

-1.61%

-$0.061

23,094

 

 

WTI

$64.99

$64.58

0.63%

$0.41

43,211

 

 

Brent

$66.89

$66.47

0.63%

$0.42

8,450

 

 

ULSD

$2.145

$2.125

0.94%

$0.020

8,171

 

 

RBOB

$2.087

$2.077

0.48%

$0.010

3,628

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$2.86

$2.84

0.70%

$0.02

Aug-25

 

 

3:2:1 Crack

$23.68

$23.56

0.51%

$0.12

Jul-25

 

 

PJM West Spark

$67.07

$64.73

3.61%

$2.34

Jul-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

06/06/25

559

-4

-35

06/07/24

 

 

Canada

06/06/25

114

2

-29

06/07/24

 

 

International

May

886

-5

-67

May

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 6/3/2025

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

106,042

105,332

105,322

10

 

 

PJM West Off Peak

90,181

90,035

89,456

579

 

 

Natural Gas Henry Hub

351,945

336,983

340,123

-3,140

 

 

WTI – Light Sweet Crude Futures

313,647

260,934

237,887

23,047

 

 

Brent Crude Last Day

208,499

201,090

199,696

1,394

 

 

NYM Ethanol

25,664

24,843

25,280

-437

 

 

Mt Belvieu LDH Propane Swap

167,094

166,352

166,576

-224

 

 

RBOB

388,811

368,787

368,167

620

 

 

HSC Basis

886,810

873,415

883,103

-9,688

 

 

 

 

EIA Short Term Energy Outlook

 

 

 

 

 

 

 

2023

2024

2025 Projected

2026 Projected

 

 

Brent

$82.00

$81.00

$66.00

$59.00

 

 

Gasoline

$3.50

$3.30

$3.10

$3.10

 

 

Crude Oil Production

$12.90

$13.20

$13.40

$13.50

 

 

Natural Gas Spot

$2.50

$2.20

$4.10

$4.80

 

 

LNG Exports

12.00

12.00

15.00

16.00

 

 

 

 

 

 

 

 

 

 

Electrical Generation %

2023

2024

2025 Projected

2026 Projected

 

 

Natural gas

42.00%

42.00%

40.00%

40.00%

 

 

Coal

17.00%

16.00%

16.00%

15.00%

 

 

Renewables

22.00%

23.00%

25.00%

27.00%

 

 

Nuclear

19.00%

19.00%

19.00%

19.00%

 

 

 

 

 

 

 

 

 

 

 

Short Term Energy Outlook

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

06/05/20

 

 

 

5/30/25

5/23/25

Net Change

% Change

5/31/24

% Change

5 Year Avg.

% Change

 

 

East

498

462

36

7.79%

575

-13.39%

504

-1.27%

 

 

Midwest

579

541

38

7.02%

681

-14.98%

588

-1.50%

 

 

Mountain

205

198

7

3.54%

218

-5.96%

156

31.24%

 

 

Pacific

261

254

7

2.76%

273

-4.40%

240

8.75%

 

 

South

1,055

1,021

34

3.33%

1,146

-7.94%

1,044

1.09%

 

 

    Salt

340

328

12

3.66%

330

3.03%

312

9.04%

 

 

    Non_Salt

715

693

22

3.17%

817

-12.48%

732

-2.38%

 

 

Total

2,598

2,476

122

4.93%

2,893

-10.20%

2,532

2.61%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/25

6/5/25

% Change

Change

5/8/25

% Change

6/6/24

% Change

 

 

PJM West On Peak

Jul-25

$75.03

$72.83

3.03%

$2.20

$81.89

-8.38%

$79.75

-5.91%

 

 

ERCOT North On Peak

Jul-25

$86.80

$83.76

3.63%

$3.04

$101.11

-14.15%

$117.97

-26.42%

 

 

CAISO SP 15 On Peak

Jul-25

$61.27

$57.00

7.49%

$4.27

$55.43

10.55%

$67.17

-8.78%

 

 

MISO Indiana On Peak

Jul-25

$69.35

$67.45

2.82%

$1.90

$75.59

-8.24%

$78.25

-11.37%

 

 

NEISO Mass On Peak

Jul-25

$69.10

$67.26

2.74%

$1.84

$83.08

-16.83%

$77.35

-10.66%

 

 

WECC Mid C On Peak

Jul-25

$85.79

$81.97

4.67%

$3.82

$75.49

13.65%

$117.78

-27.16%

 

 

NYISO Zone G On Peak

Jul-25

$66.79

$66.35

0.67%

$0.45

$73.55

-9.19%

$76.44

-12.62%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/25

6/5/25

% Change

Change

5/8/25

% Change

6/6/24

% Change

 

 

NYMEX Henry Hub

Jul-25

$3.784

$3.677

2.91%

$0.11

$3.93

-3.79%

$3.50

7.99%

 

 

Houston Ship Channel

Jul-25

-$0.412

-$0.389

5.91%

-$0.02

-$0.29

41.29%

-$0.33

25.23%

 

 

Chicago

Jul-25

-$0.478

-$0.456

-4.69%

-$0.02

-$0.41

16.93%

-$0.35

37.99%

 

 

Waha

Jul-25

-$1.963

-$1.870

-5.01%

-$0.09

-$1.52

28.76%

-$0.70

181.50%

 

 

Algonquin

Jul-25

-$0.409

-$0.341

-19.85%

-$0.07

$0.27

-252.33%

-$0.01

4544.32%

 

 

Aeco

Jul-25

-$2.442

-$2.494

-2.09%

$0.05

-$2.40

1.71%

-$1.41

73.54%

 

 

Socal

Jul-25

-$0.141

-$0.099

42.54%

-$0.04

-$0.40

-64.97%

$1.31

-110.82%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/25

6/5/25

% Change

Change

5/8/25

% Change

6/6/24

% Change

 

 

Mt. Belvieu Propane LST

Jul-25

$0.749

$0.725

3.26%

$0.02

$0.72

4.32%

$0.68

9.86%

 

 

Mt. Belvieu Propane non LST

Jul-25

$0.750

$0.720

4.18%

$0.03

$0.72

4.69%

$0.68

9.97%

 

 

Mt. Belview Ethane

Jul-25

$0.236

$0.198

19.23%

$0.04

$0.26

-9.66%

$0.25

-6.45%

 

 

Mt. Belview Nat. Gasoline

Jul-25

$1.290

$1.275

1.17%

$0.01

$1.28

0.64%

$1.40

-7.62%

 

 

Mt. Belvieu Butane LST

Jul-25

$0.830

$0.813

2.16%

$0.02

$0.82

1.66%

$0.78

6.12%

 

 

Far East Propane

Jul-25

$5.320

$5.260

1.15%

$0.06

$5.12

3.87%

$5.25

1.34%

 

 

Saudi Propane

Jul-25

$5.786

$5.819

-0.57%

-$0.03

$5.48

5.61%

$4.88

18.46%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/25

6/5/25

% Change

Change

5/8/25

% Change

6/6/24

% Change

 

 

WTI

Jul-25

$64.58

$63.37

1.87%

$1.21

$59.52

8.50%

$70.78

-8.76%

 

 

Brent

Jul-25

$66.82

$65.62

1.79%

$1.20

$62.84

6.33%

$75.85

-11.91%

 

 

WCS

Jul-25

-$8.92

-$9.43

-5.65%

$0.50

-$8.67

2.93%

-$13.10

-31.89%

 

 

LLS

Jul-25

$65.76

$64.29

2.24%

$1.47

$61.67

6.63%

$72.34

-9.10%

 

 

Mars

Jul-25

$64.31

$62.90

2.20%

$1.41

$59.81

7.52%

$69.79

-7.85%

 

 

Sour

Jul-25

$62.76

$62.32

0.70%

$0.44

$59.76

5.03%

$69.79

-10.06%

 

 

ESPO

Jul-25

$64.82

$63.62

1.85%

$1.20

$60.84

6.53%

$73.85

-12.23%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/25

6/5/25

% Change

Change

5/8/25

% Change

6/6/24

% Change

 

 

NY Heating Oil

Jul-25

$2.13

$2.09

1.72%

$0.04

$2.03

5.08%

$2.34

-9.17%

 

 

NY Gasoline

Jul-25

$2.08

$2.07

0.53%

$0.01

$2.06

0.92%

$2.25

-7.68%

 

 

GC Gasoline

Jul-25

$1.98

$1.97

0.56%

$0.01

$1.96

0.97%

$2.15

-8.03%

 

 

GC Jet

Jul-25

$1.95

$1.92

1.35%

$0.03

$1.83

6.34%

$2.26

-14.01%

 

 

Chicago Ethanol

Jul-25

$1.68

$1.67

0.90%

$0.01

$1.73

-2.38%

$1.66

1.69%

 

 

Rotterdam Gasoil

Jul-25

$622.25

$621.62

0.10%

$0.63

$605.68

2.74%

$671.58

-7.35%

 

 

Singapore Jet Kero

Jul-25

$78.98

$78.93

0.07%

$0.05

$77.87

1.43%

$92.26

-14.39%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/25

6/5/25

% Change

Change

5/8/25

% Change

6/6/24

% Change

 

 

Henry Hub Straddle

Jul-25

59.00%

60.54%

-2.54%

-1.54%

64.67%

-8.77%

36.15%

63.21%

 

 

Algonquin Straddle

Jul-25

56.44%

59.12%

-4.53%

-2.68%

59.96%

-5.87%

35.58%

58.63%

 

 

Waha Straddle

Jul-25

94.14%

111.60%

-15.65%

-17.46%

123.57%

-23.82%

41.74%

125.54%

 

 

Chicago Straddle

Jul-25

59.48%

63.02%

-5.62%

-3.54%

67.80%

-12.27%

37.09%

60.37%

 

 

PJM West Straddle

Jul-25

86.46%

84.52%

2.30%

1.94%

65.93%

31.14%

50.09%

72.61%

 

 

SP – 15 Straddle

Jul-25

303.40%

294.04%

3.18%

9.36%

206.43%

46.97%

47.01%

545.39%

 

 

Mid. C Straddle

Jul-25

172.13%

171.40%

0.43%

0.73%

121.71%

41.43%

51.72%

232.81%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/25

6/5/25

% Change

Change

5/8/25

% Change

6/6/24

% Change

 

 

Dutch TTF

Jul-25

EUR 36.51

EUR 36.68

-0.47%

-EUR 0.17

EUR 35.72

2.19%

EUR 34.48

5.88%

 

 

NBP

Jul-25

GBP 84.98

GBP 86.30

-1.53%

-GBP 1.32

GBP 84.62

0.42%

GBP 83.56

1.70%

 

 

German Base

Jul-25

EUR 81.07

EUR 80.42

0.80%

EUR 0.64

EUR 79.74

1.67%

EUR 81.54

-0.58%

 

 

UK Base

Jul-25

GBP 76.25

GBP 75.50

1.00%

GBP 0.75

GBP 76.23

0.03%

GBP 74.64

2.16%

 

 

French Base

Jul-25

EUR 42.50

EUR 41.67

2.00%

EUR 0.83

EUR 33.43

27.15%

EUR 54.62

-22.18%

 

 

Italian Base

Jul-25

EUR 120.47

EUR 120.02

0.37%

EUR 0.45

EUR 112.98

6.63%

EUR 100.04

20.43%

 

 

JKM LNG

Jul-25

$12.48

$12.67

-1.51%

-$0.19

$11.93

4.66%

$11.75

6.20%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/25

6/5/25

% Change

Change

5/8/25

% Change

6/6/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-25

$36.51

$36.68

-0.47%

-$0.17

$35.72

2.19%

$34.48

5.88%

 

 

USGC-UK Continent Dirty (WET)

Jul-25

$84.98

$86.30

-1.53%

-$1.32

$84.62

0.42%

$83.56

1.70%

 

 

TD20 West Africa to UK Continent (WET)

Jul-25

$81.07

$80.42

0.80%

$0.64

$79.74

1.67%

$81.54

-0.58%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-25

$76.25

$75.50

1.00%

$0.75

$76.23

0.03%

$74.64

2.16%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-25

$42.50

$41.67

2.00%

$0.83

$33.43

27.15%

$54.62

-22.18%

 

 

Supramax Timecharter (DRY)

Jul-25

$120.47

$120.02

0.37%

$0.45

$112.98

6.63%

$100.04

20.43%

 

 

Capesize Timecharter (DRY)

Jul-25

$12.48

$12.67

-1.51%

-$0.19

$11.93

4.66%

$11.75

6.20%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/07/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

17

11

3

21

9

-11

NA

NA

 

 

Middle Atlantic

25

9

-6

36

-3

-47

NA

NA

 

 

E N Central

14

-10

-12

31

-45

-47

NA

NA

 

 

W N Central

27

-4

-9

69

-36

-26

-34.00%

-27.00%

 

 

South Atlantic

63

2

-4

497

76

2

18.00%

0.00%

 

 

E S Central

63

9

2

313

66

-17

27.00%

-5.00%

 

 

W S Central

101

16

4

667

155

5

30.00%

1.00%

 

 

Mountain

35

-4

-15

169

-15

26

-8.00%

18.00%

 

 

Pacific

11

-5

-4

42

-31

24

NA

NA

 

 

United States

39

1

-5

220

20

-11

10.00%

-5.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/07/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

24

-4

11

6,160

-413

472

-6.00%

8.00%

 

 

Middle Atlantic

18

-1

11

5,341

-550

409

-9.00%

8.00%

 

 

E N Central

21

-2

9

5,924

-546

621

-8.00%

12.00%

 

 

W N Central

15

-6

7

6,134

-588

488

-9.00%

9.00%

 

 

South Atlantic

5

1

2

2,593

-257

136

-9.00%

5.00%

 

 

E S Central

2

-3

-1

3,182

-420

102

-12.00%

3.00%

 

 

W S Central

0

-1

0

1,943

-344

-100

-15.00%

-5.00%

 

 

Mountain

22

-7

8

4,731

-425

-115

-8.00%

-2.00%

 

 

Pacific

8

-18

-8

3,052

-126

-19

-4.00%

-1.00%

 

 

United States

12

-4

4

4,115

-386

225

-9.00%

6.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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