Market Updates

Daily Market Update - April 19, 2016

Daily market update

Early Morning Update

The May16 natural gas contract is trading up $0.05 at $1.99.  The May16 crude contract is up $0.52 at $40.30.


Despite weak fundamentals and tepid demand expected over the next few weeks as we move into the shoulder season, technical buying helped push natural gas futures higher in this week’s opening session.  The May16 NYMEX contract settled at $1.940/MMBtu, up 3.8 cents on the day.  The prompt month has been trading between $1.80 and $2.04/MMBtu since the first half of March, and held to the middle of that range yesterday.  The latest weather forecasts from the National Weather Service probably added some support, as below-normal temperatures are expected to linger a bit longer in the Northeast and the Southwest, which may support some residual heating demand.  However, normal temperatures are on the rise as we progress towards summer, so below-average temperatures at this time of year should have a minimal effect on heating demand.  U.S. dry natural gas production also continued its slide, falling 1.1 Bcf/d day-over-day to reach 70.3 Bcf/d today, the lowest level seen so far this year.

Market Update 041916

Market Settles 041816

Set your ZIP code and utility

Enter a valid ZIP code
Unfortunately, we don't currently service this area. Please try another ZIP code.

Loading please wait...

Don't see your utility?

We currently only provide service to the listed utilities. For question, please contact 1-888-925-9115.