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Weekly Energy Market Update August 18, 2014

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Below is the Direct Energy Business Weekly Energy Market Update video for August 18, 2014. We embedded this video right into the blog post, so you don’t have to leave this page to view it. The written summary is still below too.

The following is a summary of last week’s market activity and the market outlook.

The gains seen last week in natural gas futures were completely erased this past week, as the market moved back down and settled to almost the exact same point we were two weeks ago.

Sideways trend bound by $4 and $3.80

Little change in fundamentals: mild August and September temps, strong production, and large storage injections are all bearish

Thursday’s storage injection came in slightly under expectations and was the 17th consecutive injection > 5-year average.

Cal 2016-2021 forwards are still all below $5.00.

For more insights, please view our Weekly Energy Market Update or other helpful resources:

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Posted: August 18, 2014

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