Market Updates

Daily Market Update January 12, 2018

Early Morning Update

The Feb18 natural gas contract is trading up $0.06 at $3.14.  The Feb18 crude contract is down $0.34 at $63.46.



Yesterday, the EIA reported the largest withdrawal from storage on record, -359 Bcf.  The massive draw was a result of extremely high demand due to arctic temperatures and lower production due to wellhead freeze-offs.  The higher demand and lower supply forced storage down to 2,767, well below last year and the 5-year average.  The end-of-winter storage estimate is currently forecasted at 1.3 Tcf, the lowest in several years.  Because of the large reported draw, the prompt NG contract finished up sharply yesterday, gaining $.178 to close above $3, at $3.084.  
Weather forecasts for the next week look to be cold again on the east coast (although not as frigid as last week), but then another warm-up is forecasted for the following week.



Market Update 011218 

Market Settles 011118

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.