Market Updates

Daily Market Update February 16, 2018

Early Morning Update

The Mar18 natural gas contract is trading down $0.02 at $2.55.  The Mar18 crude contract is down $0.20 at $61.15.

 

Summary

A vert quiet day on the NYMEX as all terms closed the day nearly flat.  The EIA reported a draw from storage of 194 Bcf, in-line with expectations.  The downward trend in the prompt month has caused pricing to fall below the low levels from mid-Dec, and to the lowest levels in many months.  Warm weather forecasts and high production have pressured both gas and power prices.  Index pricing has also been low as moderate weather has caused demand to fall from the high levels earlier this winter.  Day-ahead prices in NE/NY are similar to what we would expect during shoulder months with temperatures in the low 60’s for much of the east coast.  Another side effect of this recent warm-up is that estimates for end of season storage has increased to 1.43 Tcf.  Just a few weeks ago, the estimate was 1.2 Tcf.

 

Market Update 021618 

Market Settles 021518

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...

35.175.200.4