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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.

 

Market Update 122718 

Market Settles 122618

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