Market Updates

Daily Market Update March 6, 2017

Early Morning Update

The Apr17 natural gas contract is trading up $0.10 to $2.93.  The Apr17 crude contract is down $0.18 at $53.15.

    

Summary

Mild winter temperatures revealed their bearish fragility as the April delivery contract continues to rally, again being pushed around by a cooler short-term forecast in the Northeast and Midwest.  This rebound seems counterintuitive when compared to recent national demand levels that caused prices to reach a seven-month low on Feb. 27.  Fear of extreme weather under staggering production remains after a weekend without growth, all despite an unexpected storage build last week.  Seasonal and calendar gas strips are flat on the day, up only slightly since the beginning of the month.  On the power side, CAISO, ERCOT, and PJM West calendar strips 2019 – 2021 are within 1% of all-time lows.  MISO, NEPOOL, and NYISO are comparatively still trending further away from the low NYMEX environment.

Market Update 030617

Market Settles 030317

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...

54.226.132.197