Daily Market Update December 24, 2018
Early Morning Update
The Jan19 natural gas contract is trading down $0.21 at $3.60. The Feb19 crude contract is down $0.85 at $44.74.
Summary
As the year winds down, the volatility remains high. On Friday, the NYMEX prompt contract traded higher by $.233 to close the week at $3.816. Weather forecasts have turned less warm starting in the new year and with higher anticipated demand, the market traded higher. This week, expect low liquidity for both power and gas markets as many traders have taken the week off. The EIA will release its weekly storage report on Friday due to the holiday.
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