Market Updates

Daily Market Update - January 18, 2016

Daily market update

Early Morning Update

The Feb16 natural gas contract is trading down $0.01 at $2.09.  The Feb16 crude contract is trading flat at $29.40.


The market appears to be already looking past the current cold snap toward warmer conditions, and natural gas prices reflect that.  On Friday, the Feb16 NYMEX contract lost another 3.9 cents, settling at $2.100/MMBtu.  After the U.S. Energy Information Administration reported another triple-digit storage withdrawal on Thursday, natural gas stockpiles are projected to end the withdrawal season with an excessive amount of supply remaining in underground storage facilities.  The EIA is projecting an end-of-season level of 2,043 Bcf, 421 Bcf (26%) higher than the five-year average.  And mid-term weather forecasts show a return to warmer-than-normal conditions, which will not help in lowering storage levels by the end of winter.  Weather remains the primary driver of natural gas prices, and the National Weather Service is forecasting a return to above-normal temperatures for the entire country in its 8-14 day outlook.  The warm-up will curb any significant heating demand, and with winter half over, time is running out for enough demand to reduce the natural gas surplus.

Market Update 011816

Market Settles 011516

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.