Prices as of 6:45 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.287

$3.239

1.48%

$0.048

16,226

 

 

WTI

$76.51

$76.05

0.60%

$0.46

22,261

 

 

Brent

$79.33

$78.96

0.47%

$0.37

7,292

 

 

ULSD

$3.193

$3.170

0.72%

$0.023

2,422

 

 

RBOB

$2.882

$2.881

0.06%

$0.002

1,655

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.56

$3.69

-3.52%

-$0.13

Aug-26

 

 

3:2:1 Crack

$47.05

$47.28

-0.48%

-$0.23

Jul-26

 

 

PJM West Spark

$101.50

$97.00

4.65%

$4.51

Jul-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

06/12/26

562

-1

7

06/13/25

 

 

Canada

06/12/26

180

11

42

06/13/25

 

 

International

May-2026

1046

-3

-25

May-2025

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 6/9/2026

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

126,031

125,520

125,652

-132

 

 

PJM West Off Peak

119,683

119,305

119,330

-25

 

 

Natural Gas Henry Hub

390,323

374,958

373,549

1,409

 

 

WTI – Light Sweet Crude Futures

634,939

543,402

502,171

41,231

 

 

Brent Crude Last Day

340,583

326,976

333,459

-6,483

 

 

NYM Ethanol

51,355

50,731

50,757

-26

 

 

Mt Belvieu LDH Propane Swap

101,839

101,099

101,075

24

 

 

RBOB

316,227

289,741

301,680

-11,939

 

 

HSC Basis

925,021

915,880

915,849

31

 

 

 

 

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

 

 

 

 

06/11/21

 

 

 

6/5/26

5/29/26

Net Change

% Change

6/6/25

% Change

5 Year Avg.

% Change

 

 

East

514

480

34

7.08%

531

-3.20%

515

-0.23%

 

 

Midwest

610

573

37

6.46%

608

0.33%

601

1.53%

 

 

Mountain

222

218

4

1.83%

210

5.71%

174

27.73%

 

 

Pacific

304

298

6

2.01%

266

14.29%

235

29.36%

 

 

South

1,037

1,009

28

2.78%

1,091

-4.95%

1,043

-0.54%

 

 

    Salt

322

310

12

3.87%

351

-8.26%

312

3.14%

 

 

    Non_Salt

715

699

16

2.29%

740

-3.38%

730

-2.11%

 

 

Total

2,686

2,578

108

4.19%

2,707

-0.78%

2,567

4.62%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

PJM West On Peak

Jul-26

$108.53

$103.93

4.43%

$4.61

$99.27

9.33%

$85.43

27.05%

 

 

ERCOT North On Peak

Jul-26

$55.11

$57.98

-4.95%

-$2.87

$60.63

-9.11%

$81.26

-32.19%

 

 

CAISO SP 15 On Peak

Jul-26

$37.05

$35.73

3.71%

$1.33

$31.29

18.43%

$58.85

-37.04%

 

 

MISO Indiana On Peak

Jul-26

$85.74

$84.13

1.92%

$1.61

$81.44

5.28%

$77.67

10.39%

 

 

NEISO Mass On Peak

Jul-26

$78.66

$80.35

-2.11%

-$1.69

$92.20

-14.69%

$72.46

8.56%

 

 

WECC Mid C On Peak

Jul-26

$45.47

$44.47

2.24%

$1.00

$44.11

3.08%

$80.88

-43.78%

 

 

NYISO Zone G On Peak

Jul-26

$82.56

$79.87

3.36%

$2.69

$92.25

-10.51%

$69.49

18.80%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

NYMEX Henry Hub

Jul-26

$3.239

$3.147

2.92%

$0.09

$3.19

1.60%

$4.28

-24.27%

 

 

Houston Ship Channel

Jul-26

-$0.485

-$0.450

7.78%

-$0.04

-$0.45

7.99%

-$0.35

38.97%

 

 

Chicago

Jul-26

-$0.425

-$0.395

-7.06%

-$0.03

-$0.43

-0.26%

-$0.45

-5.51%

 

 

Waha

Jul-26

-$2.935

-$3.025

-2.98%

$0.09

-$5.58

-47.44%

-$2.04

43.67%

 

 

Algonquin

Jul-26

$0.000

$0.060

-100.00%

-$0.06

$0.41

-100.00%

$0.10

-100.00%

 

 

Aeco

Jul-26

-$1.940

-$1.820

6.59%

-$0.12

-$1.93

0.64%

-$1.90

2.34%

 

 

Socal

Jul-26

-$0.142

-$0.425

-66.55%

$0.28

-$0.87

-83.59%

$0.83

-117.07%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

Mt. Belvieu Propane LST

Jul-26

$0.731

$0.749

-2.34%

-$0.02

$0.87

-15.46%

$0.72

1.45%

 

 

Mt. Belvieu Propane non LST

Jul-26

$0.696

$0.730

-4.71%

-$0.03

$0.84

-17.43%

$0.71

-2.32%

 

 

Mt. Belview Ethane

Jul-26

$0.228

$0.224

1.68%

$0.00

$0.21

8.00%

$0.29

-20.42%

 

 

Mt. Belview Nat. Gasoline

Jul-26

$1.525

$1.573

-3.02%

-$0.05

$2.10

-27.47%

$1.30

17.72%

 

 

Mt. Belvieu Butane LST

Jul-26

$0.881

$0.976

-9.78%

-$0.10

$1.25

-29.76%

$0.81

8.93%

 

 

Far East Propane

Jul-26

$6.000

$6.360

-5.66%

-$0.36

$7.90

-24.05%

$5.15

16.45%

 

 

Saudi Propane

Jul-26

$5.780

$6.160

-6.17%

-$0.38

$6.97

-17.07%

$4.63

24.94%

 

 

 

 

Crude Oil

 

 

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

WTI

Aug-26

$75.27

$79.44

-5.54%

-$4.17

$99.47

-24.33%

$64.81

16.14%

 

 

Brent

Aug-26

$78.96

$83.17

-5.33%

-$4.21

$107.48

-26.54%

$68.51

15.25%

 

 

WCS

Aug-26

-$12.70

-$12.65

0.41%

-$0.05

-$13.75

-7.61%

-$11.80

7.67%

 

 

LLS

Aug-26

$76.32

$82.18

-7.68%

-$5.86

$93.79

-18.64%

$65.76

16.05%

 

 

Mars

Aug-26

$77.04

$83.02

-7.77%

-$5.98

$95.73

-19.52%

$64.26

19.88%

 

 

Sour

Aug-26

$76.20

$82.32

-8.04%

-$6.13

$97.13

-21.55%

$64.61

17.93%

 

 

ESPO

Aug-26

$76.96

$81.17

-5.47%

-$4.21

$105.48

-27.04%

$66.51

15.71%

 

 

 

 

Refined Products

 

 

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

NY Heating Oil

Jul-26

$3.20

$3.28

-2.50%

-$0.08

$3.96

-19.20%

$2.24

43.14%

 

 

NY Gasoline

Jul-26

$2.91

$2.94

-0.99%

-$0.03

$3.55

-17.82%

$2.09

39.49%

 

 

GC Gasoline

Jul-26

$2.77

$2.80

-1.03%

-$0.03

$3.41

-18.56%

$1.99

39.47%

 

 

GC Jet

Jul-26

$2.81

$2.72

3.23%

$0.09

$3.73

-24.69%

$2.14

31.12%

 

 

Chicago Ethanol

Jul-26

$1.83

$1.86

-1.61%

-$0.03

$2.01

-8.77%

$1.64

11.59%

 

 

Rotterdam Gasoil

Jul-26

$833.17

$849.00

-1.86%

-$15.83

$1,092.00

-23.70%

$609.89

36.61%

 

 

Singapore Jet Kero

Jul-26

$112.40

$117.35

-4.22%

-$4.95

$148.22

-24.17%

$86.26

30.31%

 

 

 

 

Implied Volatilities

 

 

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

Henry Hub Straddle

Aug-26

47.67%

44.77%

6.49%

2.91%

50.53%

-5.66%

40.96%

16.39%

 

 

Algonquin Straddle

Aug-26

56.38%

53.39%

5.60%

2.99%

55.28%

1.98%

39.95%

41.12%

 

 

Waha Straddle

Aug-26

863.29%

891.63%

-3.18%

-28.35%

184.48%

367.95%

65.46%

1218.80%

 

 

Chicago Straddle

Aug-26

49.25%

46.44%

6.07%

2.82%

52.65%

-6.45%

41.11%

19.81%

 

 

PJM West Straddle

Aug-26

64.69%

65.62%

-1.42%

-0.93%

64.36%

0.51%

43.03%

50.34%

 

 

SP – 15 Straddle

Aug-26

181.82%

165.43%

9.91%

16.39%

139.65%

30.20%

139.99%

29.88%

 

 

Mid. C Straddle

Aug-26

50.07%

49.86%

0.42%

0.21%

59.79%

-16.26%

104.35%

-52.02%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

Dutch TTF

Aug-26

EUR 42.22

EUR 42.59

-0.86%

-EUR 0.37

EUR 49.96

-15.48%

EUR 34.57

22.14%

 

 

NBP

Aug-26

GBP 100.51

GBP 101.59

-1.06%

-GBP 1.08

GBP 121.64

-17.37%

GBP 85.78

17.17%

 

 

German Base

Aug-26

EUR 94.64

EUR 94.34

0.32%

EUR 0.30

EUR 96.22

-1.64%

EUR 84.64

11.81%

 

 

UK Base

Aug-26

GBP 90.06

GBP 93.18

-3.34%

-GBP 3.12

GBP 100.07

-10.00%

GBP 73.59

22.39%

 

 

French Base

Aug-26

EUR 50.84

EUR 51.38

-1.04%

-EUR 0.53

EUR 39.48

28.77%

EUR 54.04

-5.91%

 

 

Italian Base

Aug-26

EUR 129.39

EUR 132.87

-2.61%

-EUR 3.47

EUR 136.92

-5.50%

EUR 112.36

15.16%

 

 

JKM LNG

Aug-26

$17.04

$17.16

-0.68%

-$0.12

$19.20

-11.24%

$12.46

36.75%

 

 

 

 

Freight Forwards (WET & DRY)

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Aug-26

$57.60

$59.62

-3.39%

-$2.02

$52.90

8.88%

$10.46

450.67%

 

 

USGC-UK Continent Dirty (WET)

Aug-26

$38.87

$36.77

5.71%

$2.10

$42.75

-9.08%

$24.34

59.70%

 

 

TD20 West Africa to UK Continent (WET)

Aug-26

$26.23

$24.46

7.24%

$1.77

$23.70

10.68%

$11.82

121.91%

 

 

LPG FFA Middle East Gulf to East (WET)

Aug-26

$167.38

$152.57

9.71%

$14.81

$147.89

13.18%

$57.48

191.20%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Aug-26

$70.78

$67.63

4.66%

$3.15

$61.53

15.03%

$25.36

179.10%

 

 

Supramax Timecharter (DRY)

Aug-26

$18,979.60

$18,924.70

0.29%

$54.90

$17,926.20

5.88%

$10,633.50

78.49%

 

 

Capesize Timecharter (DRY)

Aug-26

$28,178.90

$29,406.60

-4.17%

-$1,227.70

$32,707.30

-13.85%

$21,341.00

32.04%

 

 

 

 

AGs and Softs

 

 

 

EOX Market Data

 

 

 

Contract

6/16/26

6/15/26

% Change

Change

5/18/26

% Change

6/16/25

% Change

 

 

Chicago Corn

Aug-26

$4.20

$4.18

0.53%

$0.02

$4.66

-9.88%

$4.69

-10.51%

 

 

Chicago Beans

Aug-26

$11.27

$11.22

0.38%

$0.04

$11.94

-5.66%

$11.17

0.88%

 

 

London Wheat

Aug-26

GBP 174.09

GBP 173.27

0.47%

GBP 0.81

GBP 188.10

-7.45%

GBP 193.41

-9.99%

 

 

London Coffee

Aug-26

$3,604.33

$3,582.44

0.61%

$21.89

$3,228.61

11.64%

$3,989.85

-9.66%

 

 

New York Coffee

Aug-26

$274.77

$261.20

5.20%

$13.57

$262.14

4.82%

$311.28

-11.73%

 

 

New York Cotton

Aug-26

$76.08

$74.05

2.74%

$2.03

$83.89

-9.31%

$70.72

7.57%

 

 

Canada Canola

Aug-26

CAD 749.08

CAD 753.77

-0.62%

-CAD 4.70

CAD 734.65

1.96%

CAD 750.07

-0.13%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/13/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

47

38

36

85

65

55

NA

NA

 

 

Middle Atlantic

59

38

33

142

85

85

NA

NA

 

 

E N Central

64

35

45

136

35

87

35.00%

178.00%

 

 

W N Central

65

27

34

210

72

114

52.00%

119.00%

 

 

South Atlantic

97

29

9

597

117

26

24.00%

5.00%

 

 

E S Central

93

31

24

427

126

57

42.00%

15.00%

 

 

W S Central

119

25

19

835

242

85

41.00%

11.00%

 

 

Mountain

58

11

-6

286

62

60

28.00%

27.00%

 

 

Pacific

28

9

0

88

-1

21

NA

NA

 

 

United States

71

27

21

323

85

62

36.00%

23.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/13/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

4

-16

-11

6,603

13

427

0.00%

7.00%

 

 

Middle Atlantic

1

-12

-2

5,802

-99

457

-2.00%

9.00%

 

 

E N Central

1

-15

-11

6,047

-436

112

-7.00%

2.00%

 

 

W N Central

3

-12

-11

5,862

-872

-284

-13.00%

-5.00%

 

 

South Atlantic

0

-2

0

2,731

-121

138

-4.00%

5.00%

 

 

E S Central

0

-2

0

3,126

-478

-55

-13.00%

-2.00%

 

 

W S Central

0

0

0

1,702

-585

-241

-26.00%

-12.00%

 

 

Mountain

13

-10

8

3,916

-1,259

-819

-24.00%

-17.00%

 

 

Pacific

13

-8

9

2,400

-795

-656

-25.00%

-21.00%

 

 

United States

4

-8

-2

4,045

-466

-75

-10.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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