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Weekly Energy Market Update: September 29, 2014

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Below is the Direct Energy Business Weekly Energy Market Update for September 29, 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.

October NYMEX expired on Friday with strength, but solidly within the recent range of the prompt month ($3.70 to 4.10 since July 17th).

Thursday’s storage injection (+97) beat expectations, and was the 23rd consecutive injection to beat the 5-year average.

Warm weather this week should be followed by below normal through mid-month, which might increase demand.

Since November is prompt, focus on winter is even greater.

Time is short for customers looking to hedge their energy costs before the winter.

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Posted: September 29, 2014