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Daily Market Update August 21, 2017

Early Morning Update

The Sep17 natural gas contract is trading down $.01 at $2.88.  Sep17 crude is down $0.29 at $48.22.



The NYMEX prompt NG contract ended the week on a down note, closing lower by $.036 to finish the week at $2.893.  Weather forecasts have moderated considerably and we are now looking at below average temperatures for much of the eastern half of the country for the balance of the month, starting tomorrow/Wed.  There is a slight possibility of a CP peak today in some markets but the effect of the eclipse is unknown so it’s possible it won’t happen.  It’s also possible that due to the eclipse, unusual real-time pricing behavior will be seen.  Temperature swings and loss of solar power will likely occur, but the impacts on pricing are not totally known.   


Market Update 082117 

Market Settles 081817

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