Market Updates

Daily Market Update November 15, 2016

Daily market update

Early Morning Update

The Dec16 natural gas contract is trading up $0.05 at $2.80.  The Dec16 crude contract is up $1.28 at $44.60.


The prompt month natural gas contract climbed more yesterday than any day since July, settling up 13 cents at $2.749/MMBtu. Revised weather forecasts show that the East Coast is expected to have more normal temperatures next week, and may even dip below average in some areas. This update was enough to result in only the sixth trading day with gains in the past month, but forecasts showing a warmer outlook for two weeks out may dampen this bullish sentiment. Calendar strips for 2017 and 2018 moved up by three to six cents, but 2019 and 2020 remain virtually unchanged compared to their prices one week ago. Northeast production hit levels not seen since all-time highs were set in February, and are likely fueled by regional demand and increased takeaway capacity from the Algonquin Incremental Market (AIM) pipeline project completion. This has caused total U.S. production to increase to numbers not seen since mid-September. Demand is expected to be kept at bay in the immediate future, but seven-day projections indicate that we could see our first reported storage withdrawal of the winter season next week.

Market Update 111516

Market Settles 111416

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.