Market Updates

Daily Market Update April 2, 2019

Early Morning Update

The May19 natural gas contract is flat at $2.70. The May19 crude oil contract is up $0.19 at $61.78.

 

Summary

The May 2019 NYMEX contract gained about 5.0 cents during Monday’s trading activity before closing at $2.704/MMBtu.  The June – November ’19 gas contracts were mostly unchanged, neither gaining nor losing more than a penny throughout the day.  The December ’19 contract strengthened by two cents.  Current prices for these contracts are now near their pre-February rally price.  As weather has moderated, each of these contracts are down nearly 20cents from the beginning of the March.   In March, the national average for heating degree days (HDDs) increased 4.3% year-over-year.  Regionally, PJM and NYISO HDDs decreased about 5% from last year, while NEISO, MISO, and CAISO experienced moderate increases between 2% and 7%.  ERCOT racked up the largest increase, up about 130% from March 2018.  Despite the cold, the average monthly ATC day ahead prices for these markets fell about $4 from $34 in February to $30 into March.  CAISO and NEISO brought the average up, averaging at $36 and $38 respectively.  Weather forecasts as of this morning continue to indicate a warming trend for the major load zones along the eastern, western, and gulf coasts through the third week of April.             

 

Market Update 040219

Market Settles 040119

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