Market Updates

Daily Market Update December 27, 2016

Daily market update

Early Morning Update

The Jan17 natural gas contract is trading up $0.08 at $3.74.  The Feb17 crude contract is up $0.33 at $53.35.

 

Summary

Prompt month natural gas traded up 6 cents on Friday to $3.662, fueled by typical holiday weekend concerns and weather forecast changes. While a decent warm-up is expected through the end of 2016, a large cold front is expected to push through the Midwest toward the middle part of next week. This front is forecasted to bring 8 to 15 degrees below normal temperatures to the majority of the country at least until mid-January. Overall demand fell by 3.4 bcf over the weekend, lead mainly by the residential and commercial sectors in the Southeast and Northeast. Production has seen a very slight recovery and stabilization over the past two weeks to 71.4 bcf, which could help to moderate the large withdrawals that are expected in the next three weeks. 

Market Update 122716

Market Settles 122316

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