Prices as of 6:01 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.323

$3.233

2.78%

$0.090

37,951

 

 

WTI

$77.00

$76.60

0.52%

$0.40

2,954

 

 

Brent

$79.35

$79.85

-0.63%

-$0.50

22,918

 

 

ULSD

$3.164

$3.127

1.16%

$0.036

3,983

 

 

RBOB

$2.996

$2.995

0.02%

$0.001

5,060

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.91

$4.00

-2.25%

-$0.09

Aug-26

 

 

3:2:1 Crack

$49.55

$48.59

1.96%

$0.95

Jul-26

 

 

PJM West Spark

$106.11

$105.16

0.90%

$0.95

Jul-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

06/18/26

563

1

9

06/20/25

 

 

Canada

06/18/26

186

6

47

06/20/25

 

 

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

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

PJM West On Peak

Jul-26

$113.21

$112.07

1.02%

$1.14

$94.26

20.11%

$87.43

29.49%

 

 

ERCOT North On Peak

Jul-26

$55.62

$54.14

2.74%

$1.48

$58.82

-5.43%

$87.46

-36.40%

 

 

CAISO SP 15 On Peak

Jul-26

$35.69

$37.49

-4.79%

-$1.80

$32.13

11.07%

$57.78

-38.23%

 

 

MISO Indiana On Peak

Jul-26

$84.08

$86.38

-2.66%

-$2.30

$70.42

19.40%

$79.74

5.45%

 

 

NEISO Mass On Peak

Jul-26

$84.49

$83.02

1.78%

$1.48

$87.90

-3.87%

$74.11

14.01%

 

 

WECC Mid C On Peak

Jul-26

$42.97

$45.92

-6.42%

-$2.95

$47.10

-8.76%

$81.24

-47.11%

 

 

NYISO Zone G On Peak

Jul-26

$85.90

$82.67

3.91%

$3.23

$88.59

-3.04%

$71.16

20.71%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOX Market Data

 

 

 

Contract

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

NYMEX Henry Hub

Jul-26

$3.233

$3.145

2.80%

$0.09

$3.15

2.47%

$4.34

-25.51%

 

 

Houston Ship Channel

Jul-26

-$0.447

-$0.466

-4.03%

$0.02

-$0.46

-3.18%

-$0.35

27.78%

 

 

Chicago

Jul-26

-$0.433

-$0.416

-3.75%

-$0.02

-$0.41

4.77%

-$0.45

-3.52%

 

 

Waha

Jul-26

-$2.675

-$2.655

-0.75%

-$0.02

-$5.50

-51.39%

-$2.03

31.72%

 

 

Algonquin

Jul-26

-$0.050

$0.018

-376.24%

-$0.07

$0.38

-113.33%

$0.10

-147.76%

 

 

Aeco

Jul-26

-$1.930

-$1.880

2.66%

-$0.05

-$1.89

1.89%

-$1.93

0.16%

 

 

Socal

Jul-26

$0.026

$0.305

-91.57%

-$0.28

-$0.85

-103.02%

$0.83

-96.90%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOX Market Data

 

 

 

Contract

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

Mt. Belvieu Propane LST

Jul-26

$0.730

$0.733

-0.34%

$0.00

$0.84

-13.14%

$0.72

1.30%

 

 

Mt. Belvieu Propane non LST

Jul-26

$0.714

$0.719

-0.70%

-$0.01

$0.82

-12.42%

$0.74

-3.35%

 

 

Mt. Belview Ethane

Jul-26

$0.224

$0.225

-0.56%

$0.00

$0.21

7.83%

$0.28

-20.07%

 

 

Mt. Belview Nat. Gasoline

Jul-26

$1.548

$1.553

-0.32%

$0.00

$1.99

-22.04%

$1.36

14.05%

 

 

Mt. Belvieu Butane LST

Jul-26

$0.881

$0.886

-0.60%

-$0.01

$1.18

-25.57%

$0.81

8.25%

 

 

Far East Propane

Jul-26

$5.743

$6.030

-4.75%

-$0.29

$7.52

-23.63%

$5.16

11.24%

 

 

Saudi Propane

Jul-26

$5.401

$5.780

-6.55%

-$0.38

$7.05

-23.39%

$4.97

8.63%

 

 

 

 

Crude Oil

 

 

 

EOX Market Data

 

 

 

Contract

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

WTI

Aug-26

$75.85

$75.27

0.76%

$0.58

$94.01

-19.32%

$66.07

14.80%

 

 

Brent

Aug-26

$79.85

$79.55

0.38%

$0.30

$101.04

-20.97%

$69.94

14.17%

 

 

WCS

Aug-26

-$12.51

-$12.81

-2.43%

$0.30

-$13.75

-9.04%

-$12.45

0.45%

 

 

LLS

Aug-26

$74.15

$75.11

-1.30%

-$0.96

$90.66

-18.21%

$68.02

9.01%

 

 

Mars

Aug-26

$74.15

$75.11

-1.30%

-$0.96

$92.52

-19.86%

$66.04

12.29%

 

 

Sour

Aug-26

$73.71

$74.45

-1.01%

-$0.74

$93.81

-21.43%

$66.20

11.34%

 

 

ESPO

Aug-26

$77.85

$77.55

0.39%

$0.30

$99.04

-21.40%

$67.94

14.59%

 

 

 

 

Refined Products

 

 

 

EOX Market Data

 

 

 

Contract

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

NY Heating Oil

Jul-26

$3.13

$3.18

-1.57%

-$0.05

$3.84

-18.46%

$2.30

35.72%

 

 

NY Gasoline

Jul-26

$2.89

$2.89

-0.17%

$0.00

$3.39

-14.91%

$2.16

33.84%

 

 

GC Gasoline

Jul-26

$2.75

$2.75

-0.18%

-$0.01

$3.25

-15.55%

$2.02

36.19%

 

 

GC Jet

Jul-26

$2.74

$2.80

-2.14%

-$0.06

$3.68

-25.50%

$2.14

27.80%

 

 

Chicago Ethanol

Jul-26

$1.86

$1.84

1.36%

$0.02

$2.03

-8.15%

$1.63

14.32%

 

 

Rotterdam Gasoil

Jul-26

$831.00

$821.61

1.14%

$9.39

$1,065.00

-21.97%

$631.06

31.68%

 

 

Singapore Jet Kero

Jul-26

$109.05

$114.01

-4.35%

-$4.96

$148.85

-26.74%

$87.57

24.53%

 

 

 

 

Implied Volatilities

 

 

 

EOX Market Data

 

 

 

Contract

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

Henry Hub Straddle

Aug-26

50.05%

54.10%

-7.47%

-4.04%

55.85%

-10.39%

42.51%

17.74%

 

 

Algonquin Straddle

Aug-26

60.23%

68.75%

-12.39%

-8.52%

64.18%

-6.16%

41.99%

43.44%

 

 

Waha Straddle

Aug-26

819.65%

844.58%

-2.95%

-24.93%

155.01%

428.76%

70.04%

1070.26%

 

 

Chicago Straddle

Aug-26

49.54%

55.01%

-9.94%

-5.47%

58.13%

-14.77%

43.67%

13.44%

 

 

PJM West Straddle

Aug-26

69.46%

67.82%

2.42%

1.64%

64.81%

7.17%

42.02%

65.30%

 

 

SP – 15 Straddle

Aug-26

189.58%

194.05%

-2.30%

-4.47%

141.28%

34.19%

144.45%

31.24%

 

 

Mid. C Straddle

Aug-26

54.54%

53.33%

2.27%

1.21%

51.70%

5.49%

105.63%

-48.37%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOX Market Data

 

 

 

Contract

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

Dutch TTF

Aug-26

EUR 41.45

EUR 41.60

-0.37%

-EUR 0.15

EUR 48.93

-15.29%

EUR 35.50

16.76%

 

 

NBP

Aug-26

GBP 98.88

GBP 99.38

-0.50%

-GBP 0.50

GBP 119.50

-17.26%

GBP 89.49

10.49%

 

 

German Base

Aug-26

EUR 95.41

EUR 95.25

0.17%

EUR 0.16

EUR 95.47

-0.06%

EUR 86.14

10.77%

 

 

UK Base

Aug-26

GBP 89.59

GBP 90.24

-0.72%

-GBP 0.65

GBP 99.72

-10.16%

GBP 79.19

13.12%

 

 

French Base

Aug-26

EUR 50.75

EUR 51.16

-0.80%

-EUR 0.41

EUR 41.17

23.26%

EUR 50.44

0.62%

 

 

Italian Base

Aug-26

EUR 128.83

EUR 128.21

0.49%

EUR 0.62

EUR 139.75

-7.81%

EUR 114.74

12.28%

 

 

JKM LNG

Aug-26

$15.26

$15.69

-2.74%

-$0.43

$19.48

-21.63%

$12.57

21.39%

 

 

 

 

Freight Forwards (WET & DRY)

 

EOX Market Data

 

 

 

Contract

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Aug-26

$61.64

$62.15

-0.82%

-$0.51

$57.93

6.40%

$10.09

510.90%

 

 

USGC-UK Continent Dirty (WET)

Aug-26

$43.49

$40.65

6.99%

$2.84

$40.06

8.56%

$22.50

93.29%

 

 

TD20 West Africa to UK Continent (WET)

Aug-26

$33.13

$28.24

17.32%

$4.89

$22.12

49.77%

$11.18

196.33%

 

 

LPG FFA Middle East Gulf to East (WET)

Aug-26

$124.85

$141.11

-11.52%

-$16.26

$153.36

-18.59%

$57.89

115.67%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Aug-26

$70.83

$74.38

-4.77%

-$3.55

$61.58

15.02%

$28.97

144.49%

 

 

Supramax Timecharter (DRY)

Aug-26

$21,452.80

$20,436.40

4.97%

$1,016.40

$17,486.60

22.68%

$11,141.00

92.56%

 

 

Capesize Timecharter (DRY)

Aug-26

$27,899.80

$30,476.80

-8.46%

-$2,577.00

$32,822.40

-15.00%

$17,650.00

58.07%

 

 

 

 

AGs and Softs

 

 

 

EOX Market Data

 

 

 

Contract

6/18/26

6/17/26

% Change

Change

5/20/26

% Change

6/18/25

% Change

 

 

Chicago Corn

Aug-26

$4.21

$4.24

-0.68%

-$0.03

$4.77

-11.84%

$4.63

-9.13%

 

 

Chicago Beans

Aug-26

$11.27

$11.49

-1.90%

-$0.22

$12.11

-6.91%

$10.98

2.66%

 

 

London Wheat

Aug-26

GBP 174.93

GBP 176.16

-0.70%

-GBP 1.23

GBP 189.74

-7.81%

GBP 194.04

-9.85%

 

 

London Coffee

Aug-26

$3,653.80

$3,664.99

-0.31%

-$11.19

$3,236.33

12.90%

$3,779.66

-3.33%

 

 

New York Coffee

Aug-26

$273.69

$276.77

-1.11%

-$3.07

$264.30

3.55%

$293.23

-6.66%

 

 

New York Cotton

Aug-26

$77.05

$77.82

-0.99%

-$0.77

$81.84

-5.85%

$69.38

11.05%

 

 

Canada Canola

Aug-26

CAD 729.63

CAD 741.22

-1.56%

-CAD 11.59

CAD 751.04

-2.85%

CAD 750.68

-2.80%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/20/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

 

 

 

 

 

 

 

 

 

 

Middle Atlantic

 

 

 

 

 

 

 

 

 

 

E N Central

 

 

 

 

W N Central

 

 

 

 

 

 

 

 

 

 

South Atlantic

 

 

 

 

E S Central

 

 

 

 

 

 

 

 

 

 

W S Central

 

 

 

 

Mountain

 

 

 

 

 

 

 

 

 

 

Pacific

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/20/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

 

 

 

 

 

 

 

 

 

 

Middle Atlantic

 

 

 

 

 

 

 

 

 

 

E N Central

 

 

 

 

W N Central

 

 

 

 

 

 

 

 

 

 

South Atlantic

 

 

 

 

E S Central

 

 

 

 

 

 

 

 

 

 

W S Central

 

 

 

 

Mountain

 

 

 

 

 

 

 

 

 

 

Pacific

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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