Market Updates

Daily Market Update - August 11, 2016

Daily market update

Early Morning Update

The Sep16 natural gas contract is trading up $0.02 at $2.58.  The Sep16 crude contract is down $0.31 at $41.40.


Natural gas futures continued their slide for a fifth straight session yesterday, dropping below the $2.60 key support level and settling at $2.561/MMBtu, down another 5.4 cents.  Milder weather forecast across major portions of the country should ease demand, providing additional downside pressure to natural gas prices.  The latest prompt month settlement price puts the price of gas firmly below the $2.60-$3.00 trading range it’s been in since late May, and is the lowest settlement since June 10. Most analysts believe a rally higher is in the cards, but can’t pin down when that might occur.  However, declining demand as summer winds down should help storage building regain its momentum.  It is anticipated that the U.S. Energy Information Administration will report a weekly storage injection this morning of 26 Bcf for the week to August 5.  Although storage inventories are above normal for this time of year, the expected weekly build is still less than half of historical averages, and would further trim the current surpluses to last year and the five-year average.

Market Update 081116

Market Settles 081016

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.