Direct Energy Business
Market Data For Your Home Contact Us
Market Updates

Daily Market Update November 30, 2018

Early Morning Update

The Jan19 natural gas contract is trading down $0.08 at $4.56. The Jan19 crude contract is down $0.90 at $50.55.

 

Summary

More market volatility as the NG prompt month contract (now Jan ‘19) traded in a $.22 range before ending the day down $.053 to close at $4.646.  The market dropped sharply after the EIA reported a smaller-than-expected draw from storage of 59 Bcf, but rebounded and ticked higher throughout the afternoon.  Weather forecasts have also been volatile with the latest showing a brief warm-up this weekend followed by another round of below-average temperatures.  The colder temps are drawing storage levels down and the latest estimate for end/winter forecasts storage levels to be ~1.33 Tcf.  Looking ahead, estimates for the next three weeks of reports are –68, -60 and –95.  The forecasted deficit after those draws would then be 19%.

 

Market Update 113018

Market Settles 112918

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...

3.81.28.94