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

MyAccount

EnergyPortfolio

Daily Market Update March 1, 2017

Early Morning Update

Summary

To subscribe to Daily Market updates please visit nrg.com