Prices as of 7:03 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$4.448

$4.315

3.08%

$0.133

32,055

 

 

WTI

$60.07

$59.75

0.54%

$0.32

53,877

 

 

Brent

$63.92

$63.63

0.46%

$0.29

9,323

 

 

ULSD

$2.487

$2.482

0.19%

$0.005

7,023

 

 

RBOB

$1.955

$1.940

0.73%

$0.014

6,226

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.01

$4.01

0.00%

$0.00

Jan-26

 

 

3:2:1 Crack

$27.31

$27.20

0.40%

$0.11

Dec-25

 

 

PJM West Spark

$60.89

$61.98

-1.77%

-$1.10

Dec-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/07/25

548

2

-37

11/08/24

 

 

Canada

11/07/25

191

4

-16

11/08/24

 

 

International

Oct-2025

1059

-25

-101

Oct-2024

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 9/23/2025

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

102,773

102,325

102,400

-75

 

 

PJM West Off Peak

96,882

96,685

96,493

192

 

 

Natural Gas Henry Hub

345,687

332,518

334,033

-1,515

 

 

WTI – Light Sweet Crude Futures

165,725

139,486

131,892

7,594

 

 

Brent Crude Last Day

235,477

227,938

229,310

-1,372

 

 

NYM Ethanol

53,845

53,048

53,281

-233

 

 

Mt Belvieu LDH Propane Swap

155,446

154,412

155,018

-606

 

 

RBOB

361,113

336,109

347,150

-11,041

 

 

HSC Basis

765,288

754,685

758,098

-3,413

 

 

 

 

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

 

 

 

 

11/06/20

 

 

 

10/31/25

10/24/25

Net Change

% Change

11/1/24

% Change

5 Year Avg.

% Change

 

 

East

909

913

-4

-0.44%

934

-2.68%

912

-0.37%

 

 

Midwest

1,105

1,085

20

1.84%

1,130

-2.21%

1,101

0.36%

 

 

Mountain

288

286

2

0.70%

290

-0.69%

241

19.30%

 

 

Pacific

318

316

2

0.63%

310

2.58%

284

11.89%

 

 

South

1,296

1,282

14

1.09%

1,267

2.29%

1,227

5.64%

 

 

    Salt

341

336

5

1.49%

341

0.00%

327

4.35%

 

 

    Non_Salt

955

947

8

0.84%

926

3.13%

900

6.13%

 

 

Total

3,915

3,882

33

0.85%

3,932

-0.43%

3,766

3.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/7/25

11/6/25

% Change

Change

10/10/25

% Change

11/7/24

% Change

 

 

PJM West On Peak

Dec-25

$70.38

$71.22

-1.17%

-$0.84

$57.71

21.95%

$56.34

24.92%

 

 

ERCOT North On Peak

Dec-25

$43.25

$43.02

0.55%

$0.24

$40.83

5.93%

$42.71

1.27%

 

 

CAISO SP 15 On Peak

Dec-25

$53.50

$52.00

2.88%

$1.50

$48.00

11.46%

$68.60

-22.01%

 

 

MISO Indiana On Peak

Dec-25

$60.18

$61.33

-1.87%

-$1.15

$55.30

8.83%

$52.51

14.62%

 

 

NEISO Mass On Peak

Dec-25

$104.04

$104.19

-0.14%

-$0.14

$91.65

13.53%

$81.09

28.31%

 

 

WECC Mid C On Peak

Dec-25

$75.00

$71.50

4.90%

$3.50

$64.86

15.64%

$98.12

-23.56%

 

 

NYISO Zone G On Peak

Dec-25

$95.62

$91.66

4.32%

$3.96

$78.00

22.58%

$66.73

43.29%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/7/25

11/6/25

% Change

Change

10/10/25

% Change

11/7/24

% Change

 

 

NYMEX Henry Hub

Dec-25

$4.315

$4.357

-0.96%

-$0.04

$3.79

13.76%

$3.84

12.31%

 

 

Houston Ship Channel

Dec-25

-$0.307

-$0.341

-9.96%

$0.03

-$0.28

8.82%

-$0.38

-19.87%

 

 

Chicago

Dec-25

$0.336

$0.342

1.85%

-$0.01

$0.19

79.61%

$0.26

29.97%

 

 

Waha

Dec-25

-$1.990

-$2.329

-14.57%

$0.34

-$1.86

6.93%

-$1.62

22.97%

 

 

Algonquin

Dec-25

$6.340

$6.233

1.72%

$0.11

$5.70

11.16%

$4.48

41.54%

 

 

Aeco

Dec-25

-$2.009

-$1.871

7.34%

-$0.14

-$1.59

26.26%

-$1.53

31.43%

 

 

Socal

Dec-25

$0.314

$0.450

-30.18%

-$0.14

$0.51

-38.56%

$2.64

-88.10%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/7/25

11/6/25

% Change

Change

10/10/25

% Change

11/7/24

% Change

 

 

Mt. Belvieu Propane LST

Dec-25

$0.636

$0.623

2.21%

$0.01

$0.64

-1.19%

$0.76

-16.35%

 

 

Mt. Belvieu Propane non LST

Dec-25

$0.620

$0.608

2.00%

$0.01

$0.66

-6.16%

$0.76

-18.35%

 

 

Mt. Belview Ethane

Dec-25

$0.271

$0.269

1.00%

$0.00

$0.27

-0.36%

$0.26

2.95%

 

 

Mt. Belview Nat. Gasoline

Dec-25

$1.238

$1.235

0.20%

$0.00

$1.22

1.62%

$1.44

-13.85%

 

 

Mt. Belvieu Butane LST

Dec-25

$0.804

$0.805

-0.19%

$0.00

$0.81

-0.30%

$0.90

-10.88%

 

 

Far East Propane

Dec-25

$4.910

$4.830

1.64%

$0.08

$4.82

1.89%

$5.65

-13.10%

 

 

Saudi Propane

Dec-25

$4.640

$4.620

0.44%

$0.02

$4.70

-1.29%

$5.39

-13.98%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/7/25

11/6/25

% Change

Change

10/10/25

% Change

11/7/24

% Change

 

 

WTI

Jan-26

$59.62

$59.30

0.54%

$0.32

$58.27

2.32%

$68.79

-13.33%

 

 

Brent

Jan-26

$63.63

$63.38

0.39%

$0.25

$62.28

2.17%

$72.83

-12.63%

 

 

WCS

Jan-26

-$12.30

-$12.20

0.82%

-$0.10

-$12.81

-3.98%

-$12.18

0.96%

 

 

LLS

Jan-26

$60.70

$60.77

-0.11%

-$0.07

$61.36

-1.08%

$70.60

-14.02%

 

 

Mars

Jan-26

$57.89

$57.63

0.45%

$0.26

$57.19

1.23%

$66.90

-13.48%

 

 

Sour

Jan-26

$59.66

$59.59

0.11%

$0.07

$59.33

0.55%

$69.07

-13.63%

 

 

ESPO

Jan-26

$61.63

$61.38

0.41%

$0.25

$60.28

2.24%

$70.83

-12.99%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/7/25

11/6/25

% Change

Change

10/10/25

% Change

11/7/24

% Change

 

 

NY Heating Oil

Dec-25

$2.48

$2.50

-0.72%

-$0.02

$2.18

13.84%

$2.27

9.23%

 

 

NY Gasoline

Dec-25

$1.95

$1.96

-0.46%

-$0.01

$1.83

6.56%

$1.91

2.25%

 

 

GC Gasoline

Dec-25

$1.81

$1.82

-0.49%

-$0.01

$1.69

7.10%

$1.81

0.17%

 

 

GC Jet

Dec-25

$2.29

$2.23

2.74%

$0.06

$2.05

11.82%

$2.15

6.27%

 

 

Chicago Ethanol

Dec-25

$1.69

$1.68

0.42%

$0.01

$1.68

0.42%

$1.57

7.59%

 

 

Rotterdam Gasoil

Dec-25

$610.07

$607.01

0.51%

$3.07

$570.50

6.94%

$631.24

-3.35%

 

 

Singapore Jet Kero

Dec-25

$90.67

$90.55

0.12%

$0.11

$83.43

8.67%

$87.96

3.07%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/7/25

11/6/25

% Change

Change

10/10/25

% Change

11/7/24

% Change

 

 

Henry Hub Straddle

Dec-25

62.68%

60.35%

3.86%

2.33%

58.90%

6.42%

39.30%

59.49%

 

 

Algonquin Straddle

Dec-25

71.40%

69.48%

2.76%

1.92%

53.34%

33.86%

42.66%

67.37%

 

 

Waha Straddle

Dec-25

121.27%

111.37%

8.89%

9.90%

121.44%

-0.14%

54.18%

123.83%

 

 

Chicago Straddle

Dec-25

64.38%

62.54%

2.94%

1.84%

56.92%

13.11%

40.38%

59.44%

 

 

PJM West Straddle

Dec-25

86.32%

80.90%

6.70%

5.42%

44.12%

95.65%

43.02%

100.65%

 

 

SP – 15 Straddle

Dec-25

199.85%

193.54%

3.26%

6.31%

198.20%

0.83%

104.06%

92.05%

 

 

Mid. C Straddle

Dec-25

98.05%

91.94%

6.65%

6.11%

62.13%

57.81%

67.89%

44.42%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/7/25

11/6/25

% Change

Change

10/10/25

% Change

11/7/24

% Change

 

 

Dutch TTF

Dec-25

EUR 31.21

EUR 31.74

-1.65%

-EUR 0.52

EUR 32.17

-2.99%

EUR 38.50

-18.93%

 

 

NBP

Dec-25

GBP 81.07

GBP 82.51

-1.74%

-GBP 1.44

GBP 83.62

-3.05%

GBP 101.24

-19.92%

 

 

German Base

Dec-25

EUR 99.25

EUR 100.69

-1.43%

-EUR 1.44

EUR 94.28

5.27%

EUR 100.78

-1.52%

 

 

UK Base

Dec-25

GBP 81.18

GBP 82.82

-1.98%

-GBP 1.64

GBP 81.10

0.11%

GBP 83.63

-2.92%

 

 

French Base

Dec-25

EUR 63.07

EUR 64.65

-2.44%

-EUR 1.58

EUR 74.13

-14.91%

EUR 86.55

-27.13%

 

 

Italian Base

Dec-25

EUR 112.81

EUR 113.51

-0.62%

-EUR 0.70

EUR 110.37

2.22%

EUR 119.29

-5.43%

 

 

JKM LNG

Dec-25

$11.06

$11.21

-1.36%

-$0.15

$11.02

0.32%

$13.55

-18.40%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/7/25

11/6/25

% Change

Change

10/10/25

% Change

11/7/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Dec-25

$31.21

$31.74

-1.65%

-$0.52

$32.17

-2.99%

$38.50

-18.93%

 

 

USGC-UK Continent Dirty (WET)

Dec-25

$81.07

$82.51

-1.74%

-$1.44

$83.62

-3.05%

$101.24

-19.92%

 

 

TD20 West Africa to UK Continent (WET)

Dec-25

$99.25

$100.69

-1.43%

-$1.44

$94.28

5.27%

$100.78

-1.52%

 

 

LPG FFA Middle East Gulf to East (WET)

Dec-25

$81.18

$82.82

-1.98%

-$1.64

$81.10

0.11%

$83.63

-2.92%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Dec-25

$63.07

$64.65

-2.44%

-$1.58

$74.13

-14.91%

$86.55

-27.13%

 

 

Supramax Timecharter (DRY)

Dec-25

$112.81

$113.51

-0.62%

-$0.70

$110.37

2.22%

$119.29

-5.43%

 

 

Capesize Timecharter (DRY)

Dec-25

$11.06

$11.21

-1.36%

-$0.15

$11.02

0.32%

$13.55

-18.40%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/08/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

549

132

-40

32.00%

-7.00%

 

 

Middle Atlantic

0

0

-1

801

145

-62

22.00%

-7.00%

 

 

E N Central

0

0

-1

862

153

46

22.00%

6.00%

 

 

W N Central

0

0

0

1,057

130

59

14.00%

6.00%

 

 

South Atlantic

13

-3

-20

2,078

184

-88

10.00%

-4.00%

 

 

E S Central

1

-1

-23

1,782

241

-38

16.00%

-2.00%

 

 

W S Central

18

7

-20

2,763

342

-104

14.00%

-4.00%

 

 

Mountain

7

5

7

1,336

94

-114

8.00%

-8.00%

 

 

Pacific

0

-2

0

727

26

-191

4.00%

-21.00%

 

 

United States

5

0

-7

1,356

156

-67

13.00%

-5.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/08/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

150

4

54

708

-115

77

-14.00%

12.00%

 

 

Middle Atlantic

120

-12

50

530

-146

103

-22.00%

24.00%

 

 

E N Central

136

-12

47

606

-141

99

-19.00%

20.00%

 

 

W N Central

129

-30

9

566

-221

45

-28.00%

8.00%

 

 

South Atlantic

57

-6

35

227

-33

70

-13.00%

45.00%

 

 

E S Central

75

-9

58

269

-72

90

-21.00%

50.00%

 

 

W S Central

31

-17

18

91

-55

38

-38.00%

72.00%

 

 

Mountain

84

-47

-81

466

-225

-37

-33.00%

-7.00%

 

 

Pacific

50

-24

-36

257

-121

-39

-32.00%

-13.00%

 

 

United States

87

-16

19

386

-113

52

-23.00%

16.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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