Market Updates

Daily Market Update February 27, 2017

Early Morning Update

The Apr17 natural gas contract is trading down $0.10 at $2.68.  The Apr17 crude contract is up $.52 at $54.51.

   

Summary

Despite a slight uptick in Northeast demand over the weekend, mild temperatures remain as the April delivery contract continued its spring slide opening down 10cents this morning at $2.68.  This is the lowest price the prompt month has hit since last April, two months into the post-winter rally that began last February.  NYMEX calendars ’18, ’19, and ’20 pricing remained flat over the weekend, while the summer ’17 and winter ’18 strips are up 3-5cents day-over-day.  Production sustained 70-71bcf since Friday as about 27bcf was chipped away from storage inventory.  ERCOT, CAISO, and PJM retained their near all-time lows through 2020 over the weekend while the NY, MISO, and NEPOOL premiums held strong.  The March contract expired on Friday, and April is now the prompt month.

Market Update 022717

Market Settles 022417

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.

Loading...

54.226.227.175