Market Updates

Daily Market Update - February 10, 2016

Daily market update

Early Morning Update

The Mar16 natural gas contract is trading down $0.04 at $2.06.  The Mar16 crude contract is up $0.06 at $28.00.


Natural gas futures ran out of steam yesterday, exhausting the upside and giving back some of its recent gains.  The Mar16 contract lost 4.2 cents, settling at $2.098/MMBtu, as traders looked beyond the current chill toward a major warming trend expected over the next two weeks.  With intermittent waves of cold, this winter’s temperatures have been mostly above historical averages, and that trend is likely to continue.  The National Weather Service is forecasting above-normal temperatures for the entire country with the exception of Florida and a small section of the Southeast Coast, which should be at normal temperatures.  Without colder weather, demand for natural gas will be tempered and storage inventories are expected to end the withdrawal season at near-record levels.  The U.S. Energy Information Administration is forecasting an end-of-season level of 2,096 Bcf, but some analysts are projecting levels which may challenge the 2012 record high of 2,470 Bcf.

Market Update 021016

Market Settles 020916

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.