Market Updates

Daily Market Update - May 11, 2016

Daily market update

Early Morning Update

The Jun16 natural gas contract is flat at $2.16.  The Jun16 crude contract is up $0.25 at $44.91.



The prompt NYMEX NG contract bounced up to the high end of its recent range, closing up by $.06 to finish the day at $2.158.  Lower NG production numbers seem to be providing support and causing the market to move higher.  Production data is showing some of the lowest figures of the year, with overall domestic supply coming in below 71 Bcf/d.  Heating and cooling related demand remains fairly low but the lower production numbers are causing forecasts for storage injections over the next few weeks to be well off the pace of last year and the 5 year average.  Estimates for this weeks’ storage injection call for a build in the upper 50’s and next week in the low 70’s and the following week again in the low 50’s.  All of this with very mild weather conditions.

Market Update 051116

Market Settles 051016

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