Daily Market Update December 27, 2018
Early Morning Update
The Jan19 natural gas contract is trading down $0.04 at $3.50. The Feb19 crude contract is down $0.68 at $45.54.
Summary
Wednesday was a relatively quiet day, compared with the recent volatility we’ve seen as the NYMEX prompt climbed only $.076 to close at $3.543. Weather forecasts are turning slightly colder in the 10-15 day range, and that has been supportive of prices. The Jan ‘19 NYMEX contract expires today and with it, the Cal ‘19 will also expire. The EIA will release its weekly storage report tomorrow at 10:30.
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