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

© 2020 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. Direct Energy Business is an affiliate of Direct Energy Services, which is the licensed gas supplier in Michigan. If you decide to enroll your small business with Direct Energy, your gas contract will be with Direct Energy Services.
Privacy & Legal

Norton Secured
3.233.221.149