Direct Energy Business
Market Data For Your Home Contact Us
Market Updates

Daily Market Update March 1, 2017

Early Morning Update

The Apr17 natural gas contract is trading up $0.03 at $2.80.  The Apr17 crude contract is up $0.29 at $54.30.

   

Summary

After trading as low as $2.653/MMBtu earlier in the day, the Apr17 NYMEX natural gas contract rallied to close at $2.774/MMBtu yesterday, up 8.1 cents on the day. The National Weather Service revised their 6-10 and 8-14 day outlooks yesterday, predicting an even more bearish outlook for the next two weeks. Previous versions of the 8-14 day outlook had predicted colder-than-average temperatures in the Northeast. However, yesterday’s revisions removed the chance of cold from the Northeast, and now predict warmer-than-average temperatures blanketing the country with a chance of colder temperatures confined to the Northwest. With fundamentals mostly unchanged, technical trading and bargain hunting likely induced yesterday’s rally after Monday’s losses.

Market Update 030117

Market Settles 022817

© 2021 Direct Energy. All Rights Reserved. Direct Energy and the Lightning Bolt design are registered trademarks of Direct Energy. (DC PSC License No. EA-04-4-4; EA-13-12; GA-13-03-1; NJ BPU License Nos. ESL-0165, ESL-142, GSL-0145, GSL-0128; MD PSC License Nos. IR-437; IR-2697; IR-3123; IR-3108; PUCT Cert. No. 10011; Direct Energy Business, LLC CT PURA License Nos. 12-03; 00-05-14RE01; MA DPU License Nos. CS-021; GS-052; CS-108; GS-051). Products and services vary depending on region or market.
Privacy & Legal

Norton Secured
34.237.52.11