Market Updates

Daily Market Update - April 29, 2016

Daily market update

Early Morning Update

The Jun16 natural gas contract is flat at $2.08.  The Jun16 crude contract is up $0.42 at $46.45.



The EIA reported a build into storage yesterday of 73 Bcf, on the high of estimates.  The NYMEX prompt NG market had been down all morning prior to the report and ultimately finished down $.075 to close the day at $2.078.  Weather conditions across much of the country are fairly mild, leading to low heating-related demand.  Coupling that with supply that has bounced back from recent lows to around 72 Bcf/d and market fundamentals look quite weak.  Looking ahead, the low demand and strong production should lead to higher injections with expectations for builds in the mid 60’s for each of the next two weeks.  Those figures compare to last years’ strong builds of 77 and 101 and the 5 year average build of 64 and 79.

Market Update 042916

Market Settles 042816

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