Market Updates

Daily Market Update - August 22, 2016

Daily market update

Early Morning Update

The Sep16 natural gas contract is trading up $0.08 at $2.66.  The prompt crude contract is down $1.07 at $47.45.



The prompt NG contract gave back all the gains it saw on Thursday, and then some as that market fell $.09 to close the day at $2.584.  The decline in prices is a combination of moderating weather, which is leading to lower demand from the electric generation sector, and slightly higher production.  We’re seeing production levels top 72 Bcf/d for the first time since April/May.  With the improving fundamentals, we’ll start to see higher storage injections, starting next week.  We’re still expecting a low build this week in the mid-teens, but the following two weeks are both expected to be in the mid-50’s.  The Y-o-Y storage surplus will still shrink and may flip to a deficit before injection season is over.  

Market Update 082216

Market Settles 081916

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