Monday, June 8, 2026
Natural Gas & Oil
June ’26 NYMEX NatGas Trading range today: $3.09 to $3.19.
Natgas prices sold slightly today as the second half of June calls for milder temps than previous forecasts.
The bulls will need a technical recovery above $3.20 to run again.
A breakdown below $3.00 NYMEX could prompt a major bear run, but odds remain with the bulls.
The “experts” should soon be looking at a tightening supply level as production continues to be weak and injections fail to hit estimates.
Oil markets remain surprisingly calm in the wake of escalated tension in the Middle East.
LNG
Unexpected and prolonged maintenance helping to keep natgas prices capped at the moment.
The end of maintenance season and the return of LNG to near record exports could be the biggest bull of the short-term.
Take advantage of LNG Maintenance Season now.
Power
ERCOT cooling demand being met with ample solar generation.
PJM cooling demand increasing with no concerns yet on grid stability.
CAISO also keeps it cool with ample solar generation.
Today’s Drivers
The Bulls – ($3.35 to $3.85 range) – Strongest cooling demand of 2026 so far, production is weak, summer heat will show up, LNG maintenance will end.
The Bears – ($3.05 to $2.80 range) – Milder weather for second half of June, storage remains normal, solar continues to meet midday cooling demand, LNG maintenance season extended.
Today’s Special – California Direct Access this week only
If you are in California, buying electricity from PG&E, SCE, or SDG&E, this is the week to submit your application for third party electricity supply - Direct Access. Contact us directly and we can get it done within 48 hours.
Market takeaway
We will see slight bears as long as weather charts trend milder and LNG maintenance continues. In other words, we’re on borrowed time.
Our Nightcap Beats Their Recap