Prices as of 9:50 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.399

$3.498

-2.83%

-$0.099

84,029

 

 

WTI

$62.46

$61.73

1.18%

$0.73

109,227

 

 

Brent

$66.15

$65.45

1.07%

$0.70

18,574

 

 

ULSD

$2.275

$2.265

0.42%

$0.010

16,056

 

 

RBOB

$1.908

$1.894

0.75%

$0.014

17,891

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.22

$4.13

2.18%

$0.09

Dec-25

 

 

3:2:1 Crack

$21.75

$21.81

-0.28%

-$0.06

Nov-25

 

 

PJM West Spark

$44.59

$44.61

-0.05%

-$0.02

Nov-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/03/25

549

0

-36

10/04/24

 

 

Canada

10/03/25

190

0

-33

10/04/24

 

 

International

Sept-2025

1084

8

-72

Sept-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

 

 

 

 

10/02/20

 

 

 

9/26/25

9/19/25

Net Change

% Change

9/27/24

% Change

5 Year Avg.

% Change

 

 

East

832

807

25

3.10%

846

-1.65%

830

0.19%

 

 

Midwest

972

945

27

2.86%

1,013

-4.05%

991

-1.88%

 

 

Mountain

269

266

3

1.13%

283

-4.95%

230

17.16%

 

 

Pacific

302

300

2

0.67%

293

3.07%

277

9.10%

 

 

South

1,186

1,190

-4

-0.34%

1,113

6.56%

1,116

6.23%

 

 

    Salt

292

299

-7

-2.34%

261

11.88%

274

6.57%

 

 

    Non_Salt

894

890

4

0.45%

852

4.93%

842

6.18%

 

 

Total

3,561

3,508

53

1.51%

3,547

0.39%

3,443

3.42%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/7/25

10/6/25

% Change

Change

9/9/25

% Change

10/7/24

% Change

 

 

PJM West On Peak

Nov-25

$51.81

$52.10

-0.55%

-$0.29

$47.78

8.43%

$49.18

5.34%

 

 

ERCOT North On Peak

Nov-25

$36.67

$36.27

1.12%

$0.40

$36.18

1.36%

$40.90

-10.33%

 

 

CAISO SP 15 On Peak

Nov-25

$32.50

$32.43

0.20%

$0.07

$36.75

-11.56%

$46.65

-30.33%

 

 

MISO Indiana On Peak

Nov-25

$51.58

$49.74

3.69%

$1.83

$45.93

12.30%

$47.14

9.41%

 

 

NEISO Mass On Peak

Nov-25

$54.75

$52.51

4.27%

$2.24

$56.09

-2.38%

$61.37

-10.78%

 

 

WECC Mid C On Peak

Nov-25

$43.49

$46.47

-6.41%

-$2.98

$54.58

-20.31%

$72.48

-39.99%

 

 

NYISO Zone G On Peak

Nov-25

$53.62

$50.42

6.34%

$3.20

$52.31

2.49%

$50.81

5.53%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/7/25

10/6/25

% Change

Change

9/9/25

% Change

10/7/24

% Change

 

 

NYMEX Henry Hub

Nov-25

$3.498

$3.357

4.20%

$0.14

$3.37

3.95%

$3.67

-4.63%

 

 

Houston Ship Channel

Nov-25

-$0.409

-$0.407

0.39%

$0.00

-$0.51

-20.52%

-$0.56

-27.49%

 

 

Chicago

Nov-25

-$0.294

-$0.312

6.22%

$0.02

-$0.24

23.27%

-$0.24

24.58%

 

 

Waha

Nov-25

-$3.290

-$3.645

-9.74%

$0.35

-$2.63

25.04%

-$1.57

109.61%

 

 

Algonquin

Nov-25

$0.561

$0.526

6.69%

$0.04

$0.79

-28.55%

$1.04

-45.84%

 

 

Aeco

Nov-25

-$1.707

-$1.606

6.27%

-$0.10

-$1.36

25.10%

-$1.21

41.57%

 

 

Socal

Nov-25

-$0.487

-$0.545

-10.54%

$0.06

-$0.04

1049.53%

$0.55

-188.89%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/7/25

10/6/25

% Change

Change

9/9/25

% Change

10/7/24

% Change

 

 

Mt. Belvieu Propane LST

Nov-25

$0.675

$0.682

-1.10%

-$0.01

$0.73

-7.21%

$0.76

-11.69%

 

 

Mt. Belvieu Propane non LST

Nov-25

$0.660

$0.671

-1.68%

-$0.01

$0.71

-7.70%

$0.77

-14.33%

 

 

Mt. Belview Ethane

Nov-25

$0.280

$0.280

0.00%

$0.00

$0.25

12.02%

$0.26

9.23%

 

 

Mt. Belview Nat. Gasoline

Nov-25

$1.279

$1.278

0.10%

$0.00

$1.31

-2.36%

$1.52

-15.94%

 

 

Mt. Belvieu Butane LST

Nov-25

$0.830

$0.849

-2.18%

-$0.02

$0.88

-5.38%

$0.93

-10.30%

 

 

Far East Propane

Nov-25

$4.991

$5.140

-2.89%

-$0.15

$5.57

-10.47%

$6.00

-16.83%

 

 

Saudi Propane

Nov-25

$4.690

$4.780

-1.88%

-$0.09

$5.55

-15.49%

$5.51

-14.95%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/7/25

10/6/25

% Change

Change

9/9/25

% Change

10/7/24

% Change

 

 

WTI

Nov-25

$61.73

$61.69

0.06%

$0.04

$62.29

-0.90%

$72.03

-14.30%

 

 

Brent

Nov-25

$65.67

$65.64

0.04%

$0.03

$66.39

-1.09%

$76.85

-14.55%

 

 

WCS

Nov-25

-$11.61

-$11.69

-0.67%

$0.08

-$11.47

1.25%

-$16.15

-28.09%

 

 

LLS

Nov-25

$63.94

$63.42

0.81%

$0.52

$64.36

-0.65%

$75.01

-14.76%

 

 

Mars

Nov-25

$60.46

$60.63

-0.28%

-$0.17

$61.69

-1.99%

$70.49

-14.23%

 

 

Sour

Nov-25

$62.35

$62.05

0.47%

$0.30

$62.42

-0.11%

$71.96

-13.36%

 

 

ESPO

Nov-25

$63.67

$63.64

0.04%

$0.03

$64.39

-1.12%

$74.85

-14.94%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/7/25

10/6/25

% Change

Change

9/9/25

% Change

10/7/24

% Change

 

 

NY Heating Oil

Nov-25

$2.28

$2.24

1.51%

$0.03

$2.31

-1.34%

$2.40

-5.04%

 

 

NY Gasoline

Nov-25

$1.91

$1.90

0.26%

$0.00

$1.92

-0.68%

$2.00

-4.79%

 

 

GC Gasoline

Nov-25

$1.77

$1.76

0.28%

$0.00

$1.78

-0.73%

$1.90

-7.15%

 

 

GC Jet

Nov-25

$2.12

$2.03

4.13%

$0.08

$2.05

3.22%

$2.26

-6.54%

 

 

Chicago Ethanol

Nov-25

$1.86

$1.90

-2.37%

-$0.04

$1.79

3.63%

$1.60

15.65%

 

 

Rotterdam Gasoil

Nov-25

$592.68

$591.48

0.20%

$1.20

$600.49

-1.30%

$673.45

-11.99%

 

 

Singapore Jet Kero

Nov-25

$84.47

$84.65

-0.21%

-$0.18

$85.38

-1.07%

$91.70

-7.88%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/7/25

10/6/25

% Change

Change

9/9/25

% Change

10/7/24

% Change

 

 

Henry Hub Straddle

Nov-25

52.28%

54.60%

-4.25%

-2.32%

51.50%

1.51%

42.13%

24.09%

 

 

Algonquin Straddle

Nov-25

61.12%

68.45%

-10.71%

-7.33%

69.22%

-11.70%

51.45%

18.79%

 

 

Waha Straddle

Nov-25

1346.48%

1388.31%

-3.01%

-41.83%

181.61%

641.41%

52.25%

2477.00%

 

 

Chicago Straddle

Nov-25

55.65%

56.31%

-1.17%

-0.66%

56.97%

-2.32%

44.47%

25.14%

 

 

PJM West Straddle

Nov-25

42.22%

43.35%

-2.61%

-1.13%

34.59%

22.06%

41.28%

2.28%

 

 

SP – 15 Straddle

Nov-25

245.88%

244.59%

0.53%

1.29%

311.37%

-21.03%

51.28%

379.49%

 

 

Mid. C Straddle

Nov-25

69.22%

43.85%

57.86%

25.37%

51.77%

33.71%

61.97%

11.70%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/7/25

10/6/25

% Change

Change

9/9/25

% Change

10/7/24

% Change

 

 

Dutch TTF

Nov-25

EUR 33.38

EUR 33.12

0.80%

EUR 0.27

EUR 33.29

0.28%

EUR 40.01

-16.56%

 

 

NBP

Nov-25

GBP 86.00

GBP 85.11

1.05%

GBP 0.90

GBP 85.06

1.11%

GBP 101.19

-15.01%

 

 

German Base

Nov-25

EUR 99.27

EUR 100.17

-0.90%

-EUR 0.90

EUR 97.21

2.13%

EUR 93.11

6.62%

 

 

UK Base

Nov-25

GBP 85.24

GBP 83.47

2.11%

GBP 1.76

GBP 83.85

1.65%

GBP 84.45

0.93%

 

 

French Base

Nov-25

EUR 76.54

EUR 74.43

2.84%

EUR 2.11

EUR 73.74

3.79%

EUR 80.37

-4.77%

 

 

Italian Base

Nov-25

EUR 111.89

EUR 114.28

-2.09%

-EUR 2.38

EUR 111.31

0.52%

EUR 114.00

-1.84%

 

 

JKM LNG

Nov-25

$11.15

$11.24

-0.81%

-$0.09

$11.75

-5.11%

$13.64

-18.27%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/7/25

10/6/25

% Change

Change

9/9/25

% Change

10/7/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Nov-25

$33.38

$33.12

0.80%

$0.27

$33.29

0.28%

$40.01

-16.56%

 

 

USGC-UK Continent Dirty (WET)

Nov-25

$86.00

$85.11

1.05%

$0.90

$85.06

1.11%

$101.19

-15.01%

 

 

TD20 West Africa to UK Continent (WET)

Nov-25

$99.27

$100.17

-0.90%

-$0.90

$97.21

2.13%

$93.11

6.62%

 

 

LPG FFA Middle East Gulf to East (WET)

Nov-25

$85.24

$83.47

2.11%

$1.76

$83.85

1.65%

$84.45

0.93%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Nov-25

$76.54

$74.43

2.84%

$2.11

$73.74

3.79%

$80.37

-4.77%

 

 

Supramax Timecharter (DRY)

Nov-25

$111.89

$114.28

-2.09%

-$2.38

$111.31

0.52%

$114.00

-1.84%

 

 

Capesize Timecharter (DRY)

Nov-25

$11.15

$11.24

-0.81%

-$0.09

$11.75

-5.11%

$13.64

-18.27%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/04/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

4

3

3

546

129

-43

31.00%

-7.00%

 

 

Middle Atlantic

10

6

6

796

143

-65

22.00%

-8.00%

 

 

E N Central

24

19

15

853

150

44

21.00%

5.00%

 

 

W N Central

42

34

26

1,036

117

54

13.00%

5.00%

 

 

South Atlantic

47

5

-18

1,969

190

-62

11.00%

-3.00%

 

 

E S Central

46

19

10

1,738

238

-9

16.00%

-1.00%

 

 

W S Central

75

23

7

2,558

256

-61

11.00%

-2.00%

 

 

Mountain

21

-4

-33

1,289

91

-78

8.00%

-6.00%

 

 

Pacific

2

-16

-42

722

50

-141

7.00%

-16.00%

 

 

United States

30

9

-5

1,303

150

-46

13.00%

-3.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/04/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

43

-27

10

182

-50

29

-22.00%

19.00%

 

 

Middle Atlantic

24

-31

9

80

-80

8

-50.00%

11.00%

 

 

E N Central

9

-49

-13

125

-66

7

-35.00%

6.00%

 

 

W N Central

3

-54

-22

100

-117

-16

-54.00%

-14.00%

 

 

South Atlantic

7

-11

7

18

-18

7

NA

NA

 

 

E S Central

3

-20

-3

15

-32

-1

NA

NA

 

 

W S Central

0

-5

-1

3

-9

-1

NA

NA

 

 

Mountain

24

-27

8

85

-129

4

-60.00%

5.00%

 

 

Pacific

21

-3

6

44

-78

-28

-64.00%

-40.00%

 

 

United States

14

-23

1

64

-59

0

-48.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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