Market Updates

Daily Market Update October 20, 2017

Early Morning Update

The Nov17 natural gas contract is flat at $2.87.  The Nov17 crude contract is down $0.37 at $50.92.

 

Summary

The EIA reported a build into storage of 51 Bcf, slightly below expectations.  The market slid a little on the news but moved up throughout the day and ultimately finished up by $.019 to close the day at $2.873.  Longer-term NG also continued its trend higher with the Cal ‘19 and ‘20 strips moving higher.  It’s been a slow grind higher with those terms up roughly 4% over the past 2 months.
We’re seeing some weather volatility with some colder weather on the horizon for next week for the east coast after long periods of above-average temperatures.  Longer-term weather forecasts appear to be trending cooler with a greater chance of precipitation along the east coast due to the La Nina weather conditions. 

 

Market Update 102017 

Market Settles 101917

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...

54.224.18.114