Market Updates

Daily Market Update July 26, 2017

Early Morning Update

The Aug17 natural gas contract is trading down $0.03 at $2.91.  The Sep17 crude contract is up $0.41 at $48.30. 

Summary

The NYMEX NG prompt month gained back 4.5 cents yesterday, putting an end to a four-session consecutive losing streak, to settle at $2.944/MMBtu. With no change to overall bearish market fundamentals, yesterday’s gains could have been incentivized by bargain hunting and position covering with the August contract set to expire this week. August 2017 will roll off as the prompt month this Thursday, the same day as the EIA’s natural gas storage report, which could provide additional volatility to a prompt month expiration day.

 

Market Update 072617

Market Settles 072517

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