Market Updates

Daily Market Update December 28, 2016

Daily market update

Early Morning Update

The Jan17 natural gas contract is trading down $0.05 at $3.71.  The Feb17 crude contract is down $0.09 at $53.82.

  

Summary

The NYMEX prompt NG contract traded higher by $.099 yesterday to close the day at $3.761  The rising market led the entire Cal ’17 to also move up, gaining $.068 to finish at $3.607.  As has been the case, the longer terms saw very little movement .  Leading the rally at the front of the curve is colder weather forecasts which have crept into most of the country and will even make its way to the east coast beginning at the 2nd week of January.  The forecasts have been notably volatile this year and we’ll be curious to see if these latest forecasts materialize.

Market Update 122816

Market Settles 122716

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