Market Updates

Daily Market Update - January 29, 2016

Daily market update

Early Morning Update

The Mar16 natural gas contract is trading up $0.08 at $2.26.  The Mar16 crude contract is up $0.38 at $33.60.


In its weekly storage report yesterday, the U.S. Energy Information Administration announced the largest storage withdrawal of the season, a 211 Bcf pull from natural gas stockpiles for the week to Jan. 22.  The Mar16 contract was trading almost $0.05 lower than Wednesday’s settle before the data was released, then jumped about six cents on the news, and steadily climbed higher throughout the afternoon.  The prompt month eventually settled at $2.182/MMBtu, up 2.5 cents day-over-day.  The current bout of cold weather and less bearish weather in mid-term outlooks provided some support, while the upside remains limited as the market turns its attention to post-winter, with plenty of gas in storage despite the recent string of triple-digit withdrawals.  The total amount of gas in storage now stands at 3,086 Bcf, 530 Bcf (21%) above last year at this time and 432 Bcf (16%) more than the five-year average.  The latest weather forecasts have been trending colder, and if the models hold, the week of Feb. 8 could end up being the coldest week of this winter.

Market Update 012916

Market Settles 012816

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.