Market Updates

Daily Market Update December 23, 2016

Daily market update

Early Morning Update

The Jan17 natural gas contract is trading up $0.06 at $3.60.  The Feb17 crude contract is down $0.55 at $52.40.

 

Summary

A very quiet day on the NYMEX as the prompt month closed down very slightly, -$0.004 to finish the day at $3.538.  Weather forecasts are still showing mostly above-average temperatures for the next two weeks.  For the 2nd week of January, some forecasters are calling for colder temperatures, which cold lead to a cold January, but there is disagreement over the likelihood of that.  Despite the near-term warm, the market seems unwilling to initiate a large sell-off with weather models in disagreement over January forecasts.  Today will have little liquidity and probably be a quiet day as traders make their way towards the exit on the early side.

Market Update 122316

Market Settles 122216

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