Market Updates

Daily Market Update June 23, 2017

Early Morning Update

The Jul17 natural gas contract is trading up $0.03 at $2.93. The Aug17 crude contract is up $0.32 at $43.06.

 

Summary

A very quiet day yesterday as the EIA reported a fairly bearish build into storage. 61 Bcf was reported as the build for the week ending 6/16, slightly higher than expectations which had been set in the mid to upper 50’s. The market initially rode a few cents but tailed off through the course of the day and ultimately finished nearly unchanged. The entire forward curve seems to have found a good home lately as pricing has seen very little movement over the course of the last few days. Prompt month and longer term strips have barely moved. The market may be waiting for more clarity on the balance of summer weather. It’s been mild for much of the country (southwest excluded) and demand levels from power burns have been low.

 

Market Update 062317

Market Settles 062217

 

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