Prices as of 6:07 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.257

$3.231

0.80%

$0.026

14,753

 

 

WTI

$69.96

$69.23

1.05%

$0.73

45,234

 

 

Brent

$72.49

$71.99

0.69%

$0.50

1,836

 

 

ULSD

$3.242

$3.208

1.06%

$0.034

354

 

 

RBOB

$2.991

$2.957

1.14%

$0.034

646

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$2.60

$2.76

-5.80%

-$0.16

Aug-26

 

 

3:2:1 Crack

$54.09

$53.33

1.44%

$0.77

Aug-26

 

 

PJM West Spark

NA

NA

NA

NA

Jul-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

06/26/26

573

10

26

06/27/25

 

 

Canada

06/26/26

197

11

57

06/27/25

 

 

International

May-2026

1046

-3

-25

May-2025

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 6/23/2026

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

128,747

128,310

128,333

-23

 

 

PJM West Off Peak

122,365

122,077

121,962

115

 

 

Natural Gas Henry Hub

393,187

377,456

376,413

1,043

 

 

WTI – Light Sweet Crude Futures

444,248

384,655

360,317

24,338

 

 

Brent Crude Last Day

362,081

349,821

354,516

-4,695

 

 

NYM Ethanol

51,645

51,098

50,993

105

 

 

Mt Belvieu LDH Propane Swap

104,877

104,349

104,221

128

 

 

RBOB

318,251

293,957

303,055

-9,098

 

 

HSC Basis

958,030

950,412

949,445

967

 

 

 

 

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

 

 

 

 

06/25/21

 

 

 

6/19/26

6/12/26

Net Change

% Change

6/20/25

% Change

5 Year Avg.

% Change

 

 

East

558

532

26

4.89%

589

-5.26%

566

-1.48%

 

 

Midwest

672

638

34

5.33%

665

1.05%

652

3.04%

 

 

Mountain

227

226

1

0.44%

223

1.79%

186

21.78%

 

 

Pacific

312

309

3

0.97%

281

11.03%

249

25.10%

 

 

South

1,066

1,053

13

1.23%

1,140

-6.49%

1,068

-0.15%

 

 

    Salt

325

325

0

0.00%

352

-7.67%

311

4.57%

 

 

    Non_Salt

741

728

13

1.79%

788

-5.96%

757

-2.09%

 

 

Total

2,835

2,759

76

2.75%

2,898

-2.17%

2,722

4.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

PJM West On Peak

Jul-26

$129.05

$128.82

0.18%

$0.23

$92.54

39.46%

$87.69

47.17%

 

 

ERCOT North On Peak

Jul-26

$56.56

$57.63

-1.87%

-$1.08

$62.38

-9.34%

$88.90

-36.38%

 

 

CAISO SP 15 On Peak

Jul-26

$30.84

$33.01

-6.58%

-$2.17

$34.58

-10.80%

$60.36

-48.90%

 

 

MISO Indiana On Peak

Jul-26

$88.51

$92.30

-4.12%

-$3.80

$75.29

17.55%

$79.81

10.89%

 

 

NEISO Mass On Peak

Jul-26

$88.22

$87.18

1.19%

$1.04

$86.81

1.63%

$80.96

8.96%

 

 

WECC Mid C On Peak

Jul-26

$36.59

$38.00

-3.72%

-$1.41

$46.83

-21.88%

$85.14

-57.03%

 

 

NYISO Zone G On Peak

Jul-26

$90.57

$86.56

4.63%

$4.01

$88.45

2.40%

$79.30

14.21%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

NYMEX Henry Hub

Aug-26

$3.279

$3.295

-0.49%

-$0.02

$3.31

-0.97%

$4.31

-23.87%

 

 

Houston Ship Channel

Aug-26

-$0.428

-$0.413

3.43%

-$0.01

-$0.52

-18.12%

-$0.35

23.83%

 

 

Chicago

Aug-26

-$0.453

-$0.438

-3.29%

-$0.01

-$0.43

5.64%

-$0.44

2.84%

 

 

Waha

Aug-26

-$2.004

-$2.163

-7.35%

$0.16

-$4.19

-52.20%

-$1.71

17.18%

 

 

Algonquin

Aug-26

-$0.316

-$0.318

0.85%

$0.00

-$0.29

7.02%

-$0.06

468.83%

 

 

Aeco

Aug-26

-$2.061

-$2.104

-2.02%

$0.04

-$1.86

10.76%

-$1.93

6.57%

 

 

Socal

Aug-26

-$0.067

$0.041

-260.87%

-$0.11

$0.05

-224.72%

$0.73

-109.15%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

Mt. Belvieu Propane LST

Jul-26

$0.708

$0.723

-2.08%

-$0.02

$0.82

-13.59%

$0.69

2.42%

 

 

Mt. Belvieu Propane non LST

Jul-26

$0.694

$0.695

-0.18%

$0.00

$0.80

-13.55%

$0.69

0.08%

 

 

Mt. Belview Ethane

Jul-26

$0.235

$0.231

1.62%

$0.00

$0.22

9.30%

$0.28

-14.97%

 

 

Mt. Belview Nat. Gasoline

Jul-26

$1.503

$1.555

-3.38%

-$0.05

$1.75

-14.14%

$1.24

21.21%

 

 

Mt. Belvieu Butane LST

Jul-26

$0.851

$0.852

-0.11%

$0.00

$1.04

-18.10%

$0.78

9.69%

 

 

Far East Propane

Jul-26

$5.569

$5.590

-0.37%

-$0.02

$7.00

-20.44%

$4.93

13.01%

 

 

Saudi Propane

Jul-26

$5.710

$5.750

-0.70%

-$0.04

$6.70

-14.78%

$4.79

19.10%

 

 

 

 

Crude Oil

 

 

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

WTI

Aug-26

$69.23

$71.92

-3.89%

-$2.69

$86.79

-20.23%

$61.51

12.55%

 

 

Brent

Aug-26

$71.99

$75.26

-4.54%

-$3.27

$92.70

-22.34%

$65.01

10.74%

 

 

WCS

Aug-26

-$14.60

-$14.19

2.80%

-$0.41

-$13.30

9.74%

-$14.49

0.73%

 

 

LLS

Aug-26

$70.31

$72.47

-3.07%

-$2.16

$86.15

-18.38%

$64.09

9.71%

 

 

Mars

Aug-26

$68.77

$70.89

-3.09%

-$2.13

$87.16

-21.10%

$61.88

11.14%

 

 

Sour

Aug-26

$69.45

$71.62

-3.12%

-$2.17

$86.79

-19.97%

$62.19

11.67%

 

 

ESPO

Aug-26

$69.99

$73.26

-4.67%

-$3.27

$90.70

-22.83%

$63.01

11.08%

 

 

 

 

Refined Products

 

 

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

NY Heating Oil

Jul-26

$3.21

$3.29

-2.52%

-$0.08

$3.56

-9.94%

$2.12

51.18%

 

 

NY Gasoline

Jul-26

$2.94

$2.90

1.31%

$0.04

$3.10

-5.14%

$2.02

45.63%

 

 

GC Gasoline

Jul-26

$2.80

$2.76

1.38%

$0.04

$2.95

-5.38%

$1.88

49.04%

 

 

GC Jet

Jul-26

$2.67

$2.78

-3.71%

-$0.10

$3.22

-16.90%

$1.98

35.44%

 

 

Chicago Ethanol

Jul-26

$1.90

$1.87

1.88%

$0.03

$2.03

-6.17%

$1.62

17.65%

 

 

Rotterdam Gasoil

Jul-26

$832.57

$829.42

0.38%

$3.15

$912.00

-8.71%

$615.87

35.19%

 

 

Singapore Jet Kero

Jul-26

$108.75

$113.00

-3.76%

-$4.25

$131.10

-17.05%

$81.80

32.95%

 

 

 

 

Implied Volatilities

 

 

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

Henry Hub Straddle

Aug-26

48.96%

48.79%

0.34%

0.16%

45.47%

7.68%

39.59%

23.66%

 

 

Algonquin Straddle

Aug-26

58.28%

58.74%

-0.78%

-0.46%

55.86%

4.33%

38.12%

52.89%

 

 

Waha Straddle

Aug-26

742.27%

765.67%

-3.06%

-23.41%

176.18%

321.31%

59.70%

1143.33%

 

 

Chicago Straddle

Aug-26

50.94%

50.51%

0.85%

0.43%

45.58%

11.76%

39.36%

29.41%

 

 

PJM West Straddle

Aug-26

78.32%

71.40%

9.69%

6.92%

65.41%

19.74%

41.66%

88.00%

 

 

SP – 15 Straddle

Aug-26

176.82%

173.84%

1.71%

2.98%

149.30%

18.43%

142.28%

24.28%

 

 

Mid. C Straddle

Aug-26

55.78%

42.81%

30.30%

12.97%

52.68%

5.88%

107.77%

-48.24%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

Dutch TTF

Aug-26

EUR 41.01

EUR 40.96

0.15%

EUR 0.06

EUR 47.08

-12.88%

EUR 32.87

24.80%

 

 

NBP

Aug-26

GBP 97.88

GBP 97.81

0.07%

GBP 0.07

GBP 114.06

-14.19%

GBP 81.17

20.58%

 

 

German Base

Aug-26

EUR 99.22

EUR 98.26

0.98%

EUR 0.96

EUR 99.35

-0.13%

EUR 79.36

25.03%

 

 

UK Base

Aug-26

GBP 86.34

GBP 88.01

-1.90%

-GBP 1.67

GBP 94.28

-8.41%

GBP 69.23

24.72%

 

 

French Base

Aug-26

EUR 50.03

EUR 52.27

-4.28%

-EUR 2.23

EUR 47.75

4.78%

EUR 47.43

5.48%

 

 

Italian Base

Aug-26

EUR 127.01

EUR 127.11

-0.08%

-EUR 0.10

EUR 139.77

-9.13%

EUR 103.78

22.38%

 

 

JKM LNG

Aug-26

$15.52

$15.10

2.78%

$0.42

$18.40

-15.66%

$11.95

29.79%

 

 

 

 

Freight Forwards (WET & DRY)

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Aug-26

$40.42

$45.47

-11.11%

-$5.05

$46.45

-12.98%

$10.31

292.05%

 

 

USGC-UK Continent Dirty (WET)

Aug-26

$40.97

$42.02

-2.50%

-$1.05

$38.17

7.34%

$23.63

73.38%

 

 

TD20 West Africa to UK Continent (WET)

Aug-26

$26.79

$29.95

-10.55%

-$3.16

$20.94

27.94%

$10.68

150.84%

 

 

LPG FFA Middle East Gulf to East (WET)

Aug-26

$129.00

$123.00

4.88%

$6.00

$143.62

-10.18%

$51.36

151.17%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Aug-26

$67.62

$68.75

-1.64%

-$1.13

$61.84

9.35%

$24.39

177.24%

 

 

Supramax Timecharter (DRY)

Aug-26

$17,056.00

$16,960.00

0.57%

$96.00

$17,702.10

-3.65%

$10,350.00

64.79%

 

 

Capesize Timecharter (DRY)

Aug-26

$30,203.60

$29,467.30

2.50%

$736.30

$31,690.00

-4.69%

$20,856.80

44.81%

 

 

 

 

AGs and Softs

 

 

 

EOX Market Data

 

 

 

Contract

6/26/26

6/25/26

% Change

Change

5/28/26

% Change

6/26/25

% Change

 

 

Chicago Corn

Aug-26

$4.19

$4.13

1.62%

$0.07

$4.59

-8.61%

$4.53

-7.48%

 

 

Chicago Beans

Aug-26

$11.37

$11.21

1.45%

$0.16

$11.75

-3.24%

$10.57

7.54%

 

 

London Wheat

Aug-26

GBP 175.08

GBP 175.32

-0.13%

-GBP 0.23

GBP 187.32

-6.53%

GBP 190.76

-8.22%

 

 

London Coffee

Aug-26

$3,723.29

$3,708.62

0.40%

$14.67

$3,484.07

6.87%

$3,393.67

9.71%

 

 

New York Coffee

Aug-26

$279.96

$276.85

1.12%

$3.11

$270.26

3.59%

$277.90

0.74%

 

 

New York Cotton

Aug-26

$71.83

$73.77

-2.62%

-$1.94

$77.25

-7.02%

$71.31

0.73%

 

 

Canada Canola

Aug-26

CAD 736.72

CAD 737.50

-0.11%

-CAD 0.78

CAD 769.59

-4.27%

CAD 725.81

1.50%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/27/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

17

-5

-48

122

65

7

NA

NA

 

 

Middle Atlantic

27

-10

-62

199

77

25

63.00%

14.00%

 

 

E N Central

12

-30

-93

155

-24

-45

-13.00%

-22.00%

 

 

W N Central

35

-20

-53

273

33

31

14.00%

13.00%

 

 

South Atlantic

87

3

-26

772

131

-4

20.00%

-1.00%

 

 

E S Central

73

-7

-39

567

115

1

25.00%

0.00%

 

 

W S Central

120

9

-1

1,060

252

75

31.00%

8.00%

 

 

Mountain

72

8

20

429

85

72

25.00%

21.00%

 

 

Pacific

24

-6

12

144

2

35

1.00%

32.00%

 

 

United States

51

-8

-34

425

77

16

22.00%

4.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/27/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

7

0

4

6,617

8

421

0.00%

7.00%

 

 

Middle Atlantic

5

2

4

5,812

-99

457

-2.00%

9.00%

 

 

E N Central

15

11

15

6,083

-413

146

-6.00%

2.00%

 

 

W N Central

10

4

7

5,889

-859

-263

-13.00%

-4.00%

 

 

South Atlantic

0

0

0

2,731

-122

138

-4.00%

5.00%

 

 

E S Central

0

0

0

3,127

-477

-54

-13.00%

-2.00%

 

 

W S Central

0

0

0

1,702

-585

-241

-26.00%

-12.00%

 

 

Mountain

4

-8

-7

3,925

-1,280

-823

-25.00%

-17.00%

 

 

Pacific

5

-7

-7

2,406

-818

-673

-25.00%

-22.00%

 

 

United States

5

1

2

4,056

-467

-71

-10.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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