Prices as of 9:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.402

$3.450

-1.39%

-$0.048

49,855

 

 

WTI

$61.30

$58.50

4.79%

$2.80

459,046

 

 

Brent

$65.43

$62.59

4.54%

$2.84

57,438

 

 

ULSD

$2.362

$2.250

4.98%

$0.112

19,074

 

 

RBOB

$1.930

$1.865

3.49%

$0.065

4,753

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.15

$4.09

1.47%

$0.06

Dec-25

 

 

3:2:1 Crack

$23.70

$23.35

1.51%

$0.35

Dec-25

 

 

PJM West Spark

$46.80

$46.30

1.08%

$0.50

Nov-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/17/25

548

1

-37

10/18/24

 

 

Canada

10/17/25

198

5

-19

10/18/24

 

 

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

 

 

 

 

10/16/20

 

 

 

10/10/25

9/26/25

Net Change

% Change

10/11/24

% Change

5 Year Avg.

% Change

 

 

East

883

832

51

6.13%

893

-1.12%

877

0.66%

 

 

Midwest

1,031

972

59

6.07%

1,067

-3.37%

1,047

-1.55%

 

 

Mountain

279

269

10

3.72%

287

-2.79%

237

17.62%

 

 

Pacific

307

302

5

1.66%

293

4.78%

280

9.80%

 

 

South

1,221

1,186

35

2.95%

1,166

4.72%

1,171

4.29%

 

 

    Salt

303

292

11

3.77%

293

3.41%

298

1.54%

 

 

    Non_Salt

918

894

24

2.68%

872

5.28%

872

5.23%

 

 

Total

3,721

3,561

160

4.49%

3,705

0.43%

3,612

3.02%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/22/25

10/21/25

% Change

Change

9/24/25

% Change

10/22/24

% Change

 

 

PJM West On Peak

Nov-25

$54.10

$53.68

0.77%

$0.41

$48.86

10.72%

$47.82

13.13%

 

 

ERCOT North On Peak

Nov-25

$35.65

$35.46

0.54%

$0.19

$36.52

-2.39%

$35.03

1.74%

 

 

CAISO SP 15 On Peak

Nov-25

$32.14

$32.50

-1.10%

-$0.36

$35.50

-9.45%

$46.27

-30.53%

 

 

MISO Indiana On Peak

Nov-25

$47.43

$47.87

-0.92%

-$0.44

$46.21

2.63%

$46.52

1.96%

 

 

NEISO Mass On Peak

Nov-25

$55.70

$57.18

-2.58%

-$1.47

$54.39

2.40%

$58.27

-4.40%

 

 

WECC Mid C On Peak

Nov-25

$45.00

$47.43

-5.13%

-$2.43

$45.57

-1.25%

$68.95

-34.74%

 

 

NYISO Zone G On Peak

Nov-25

$56.49

$57.05

-0.98%

-$0.56

$52.42

7.77%

$49.41

14.31%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/22/25

10/21/25

% Change

Change

9/24/25

% Change

10/22/24

% Change

 

 

NYMEX Henry Hub

Nov-25

$3.450

$3.474

-0.69%

-$0.02

$3.13

10.12%

$3.51

-1.79%

 

 

Houston Ship Channel

Nov-25

-$0.442

-$0.482

-8.36%

$0.04

-$0.45

-0.76%

-$0.55

-19.99%

 

 

Chicago

Nov-25

-$0.235

-$0.278

18.22%

$0.04

-$0.20

19.07%

-$0.23

1.77%

 

 

Waha

Nov-25

-$2.605

-$2.947

-11.62%

$0.34

-$3.15

-17.25%

-$1.89

38.00%

 

 

Algonquin

Nov-25

$0.693

$0.608

13.95%

$0.08

$0.81

-13.94%

$1.06

-34.54%

 

 

Aeco

Nov-25

-$1.585

-$1.574

0.73%

-$0.01

-$1.47

7.65%

-$1.27

24.75%

 

 

Socal

Nov-25

-$0.595

-$0.542

9.79%

-$0.05

$0.03

-2471.71%

$0.63

-194.78%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/22/25

10/21/25

% Change

Change

9/24/25

% Change

10/22/24

% Change

 

 

Mt. Belvieu Propane LST

Nov-25

$0.648

$0.628

3.14%

$0.02

$0.73

-11.42%

$0.73

-10.94%

 

 

Mt. Belvieu Propane non LST

Nov-25

$0.627

$0.601

4.34%

$0.03

$0.72

-12.82%

$0.73

-14.28%

 

 

Mt. Belview Ethane

Nov-25

$0.260

$0.262

-0.94%

$0.00

$0.26

-0.02%

$0.25

2.43%

 

 

Mt. Belview Nat. Gasoline

Nov-25

$1.231

$1.179

4.40%

$0.05

$1.33

-7.47%

$1.42

-13.13%

 

 

Mt. Belvieu Butane LST

Nov-25

$0.825

$0.797

3.51%

$0.03

$0.89

-7.30%

$0.85

-2.62%

 

 

Far East Propane

Nov-25

$4.842

$4.671

3.67%

$0.17

$5.57

-13.11%

$5.64

-14.11%

 

 

Saudi Propane

Nov-25

$4.500

$4.410

2.04%

$0.09

$5.59

-19.50%

$5.25

-14.21%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/22/25

10/21/25

% Change

Change

9/24/25

% Change

10/22/24

% Change

 

 

WTI

Dec-25

$58.50

$57.24

2.15%

$1.26

$64.39

-9.15%

$68.72

-14.87%

 

 

Brent

Dec-25

$62.59

$61.32

2.03%

$1.27

$68.46

-8.57%

$73.16

-14.45%

 

 

WCS

Dec-25

-$11.56

-$11.25

2.66%

-$0.31

-$12.53

-7.73%

-$16.54

-30.11%

 

 

LLS

Dec-25

$61.12

$58.96

3.53%

$2.16

$66.20

-7.67%

$71.16

-14.12%

 

 

Mars

Dec-25

$57.72

$56.03

2.93%

$1.69

$62.20

-7.21%

$67.26

-14.18%

 

 

Sour

Dec-25

$59.27

$57.12

3.63%

$2.15

$62.99

-5.91%

$68.82

-13.89%

 

 

ESPO

Dec-25

$60.59

$59.32

2.10%

$1.27

$66.46

-8.83%

$71.16

-14.85%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/22/25

10/21/25

% Change

Change

9/24/25

% Change

10/22/24

% Change

 

 

NY Heating Oil

Nov-25

$2.29

$2.21

3.48%

$0.08

$2.35

-2.43%

$2.29

0.09%

 

 

NY Gasoline

Nov-25

$1.80

$1.81

-0.28%

$0.00

$1.95

-7.58%

$1.93

-6.62%

 

 

GC Gasoline

Nov-25

$1.66

$1.67

-0.30%

$0.00

$1.81

-8.16%

$1.83

-9.17%

 

 

GC Jet

Nov-25

$2.11

$2.04

3.58%

$0.07

$2.27

-7.00%

$2.17

-2.63%

 

 

Chicago Ethanol

Nov-25

$1.76

$1.75

0.57%

$0.01

$1.85

-4.44%

$1.55

13.58%

 

 

Rotterdam Gasoil

Nov-25

$590.00

$579.70

1.78%

$10.29

$615.95

-4.21%

$620.31

-4.89%

 

 

Singapore Jet Kero

Nov-25

$84.64

$82.25

2.90%

$2.39

$86.56

-2.22%

$88.22

-4.06%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/22/25

10/21/25

% Change

Change

9/24/25

% Change

10/22/24

% Change

 

 

Henry Hub Straddle

Dec-25

67.77%

64.02%

5.86%

3.75%

55.74%

21.58%

43.91%

54.34%

 

 

Algonquin Straddle

Dec-25

82.15%

78.96%

4.04%

3.19%

65.45%

25.52%

45.77%

79.48%

 

 

Waha Straddle

Dec-25

141.93%

128.92%

10.09%

13.01%

146.56%

-3.16%

61.80%

129.66%

 

 

Chicago Straddle

Dec-25

67.73%

63.97%

5.88%

3.76%

55.48%

22.08%

44.14%

53.44%

 

 

PJM West Straddle

Dec-25

49.32%

48.41%

1.88%

0.91%

41.88%

17.77%

45.17%

9.19%

 

 

SP – 15 Straddle

Dec-25

229.83%

223.18%

2.98%

6.65%

155.45%

47.85%

100.11%

129.58%

 

 

Mid. C Straddle

Dec-25

68.43%

68.41%

0.03%

0.02%

61.94%

10.48%

83.09%

-17.64%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/22/25

10/21/25

% Change

Change

9/24/25

% Change

10/22/24

% Change

 

 

Dutch TTF

Dec-25

EUR 32.07

EUR 32.46

-1.20%

-EUR 0.39

EUR 32.93

-2.61%

EUR 40.40

-20.62%

 

 

NBP

Dec-25

GBP 82.19

GBP 83.25

-1.27%

-GBP 1.06

GBP 86.75

-5.25%

GBP 104.26

-21.17%

 

 

German Base

Dec-25

EUR 99.13

EUR 99.35

-0.23%

-EUR 0.23

EUR 92.72

6.91%

EUR 100.44

-1.31%

 

 

UK Base

Dec-25

GBP 80.80

GBP 81.89

-1.33%

-GBP 1.09

GBP 83.76

-3.54%

GBP 83.80

-3.58%

 

 

French Base

Dec-25

EUR 71.58

EUR 72.77

-1.64%

-EUR 1.19

EUR 71.45

0.19%

EUR 85.98

-16.75%

 

 

Italian Base

Dec-25

EUR 112.19

EUR 111.08

1.01%

EUR 1.12

EUR 110.95

1.12%

EUR 121.39

-7.57%

 

 

JKM LNG

Dec-25

$11.19

$11.15

0.41%

$0.05

$11.27

-0.74%

$13.52

-17.19%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/22/25

10/21/25

% Change

Change

9/24/25

% Change

10/22/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Dec-25

$32.07

$32.46

-1.20%

-$0.39

$32.93

-2.61%

$40.40

-20.62%

 

 

USGC-UK Continent Dirty (WET)

Dec-25

$82.19

$83.25

-1.27%

-$1.06

$86.75

-5.25%

$104.26

-21.17%

 

 

TD20 West Africa to UK Continent (WET)

Dec-25

$99.13

$99.35

-0.23%

-$0.23

$92.72

6.91%

$100.44

-1.31%

 

 

LPG FFA Middle East Gulf to East (WET)

Dec-25

$80.80

$81.89

-1.33%

-$1.09

$83.76

-3.54%

$83.80

-3.58%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Dec-25

$71.58

$72.77

-1.64%

-$1.19

$71.45

0.19%

$85.98

-16.75%

 

 

Supramax Timecharter (DRY)

Dec-25

$112.19

$111.08

1.01%

$1.12

$110.95

1.12%

$121.39

-7.57%

 

 

Capesize Timecharter (DRY)

Dec-25

$11.19

$11.15

0.41%

$0.05

$11.27

-0.74%

$13.52

-17.19%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/18/2025

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

-1

0

801

145

-60

22.00%

-7.00%

 

 

E N Central

1

-1

1

862

154

51

22.00%

6.00%

 

 

W N Central

12

10

8

1,057

131

63

14.00%

6.00%

 

 

South Atlantic

22

-5

4

2,031

191

-59

10.00%

-3.00%

 

 

E S Central

12

0

9

1,779

249

-2

16.00%

0.00%

 

 

W S Central

60

30

12

2,694

322

-42

14.00%

-2.00%

 

 

Mountain

7

-5

-19

1,312

84

-124

7.00%

-9.00%

 

 

Pacific

0

-8

-5

723

30

-191

4.00%

-21.00%

 

 

United States

13

1

1

1,337

156

-51

13.00%

-4.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/18/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

97

-7

-24

336

-88

-19

-21.00%

-5.00%

 

 

Middle Atlantic

75

-14

-18

203

-118

-21

-37.00%

-9.00%

 

 

E N Central

49

-44

-46

224

-134

-50

-37.00%

-19.00%

 

 

W N Central

47

-44

-48

196

-184

-62

-48.00%

-24.00%

 

 

South Atlantic

22

-14

-23

56

-42

-21

NA

NA

 

 

E S Central

18

-28

-42

47

-80

-53

-63.00%

-53.00%

 

 

W S Central

1

-15

-15

5

-32

-20

NA

NA

 

 

Mountain

74

-3

39

207

-147

56

-42.00%

37.00%

 

 

Pacific

64

25

42

130

-62

15

-32.00%

13.00%

 

 

United States

47

-14

-14

143

-90

-20

-39.00%

-12.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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