Market Updates

Daily Market Update - March 30, 2016

Daily market update

Early Morning Update

The May16 natural gas contract is trading up $0.01 at $1.99.  The May16 crude contract is up $0.62 at $38.90.


The National Weather Service’s 8-14 day outlook turned slightly colder yesterday, as traders bought Apr16 NYMEX natural gas futures to close out short positions before the April contract expired at the close of business yesterday.  These two factors combined to push up the prompt month another 5.5 cents to settle at $1.903/MMBtu.  May16 debuts as the prompt month today and was more actively traded yesterday, gaining 4.5 cents in Tuesday’s session and settling at $1.981/MMBtu.  Total U.S. demand for natural gas is down 2.7 Bcf/d from yesterday at 74.2 Bcf/d today, led by a 1.8 Bcf/d drop in the residential/commercial sector.  The demand for gas used for power generation also dropped 0.7 Bcf/d, while production edged 0.2 Bcf/d lower day-over-day to 71.8 Bcf/d.

Market Update 033016

Market Settles 032916

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