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

Daily Market Update January 4, 2019

Early Morning Update

The Feb19 natural gas contract is trading up $0.07 at $3.01. The Feb19 crude contract is up $0.98 at $48.07.

 

Summary

One of the quietest day in weeks on the NYMEX as the prompt month closed down a mere $.013 to end the day at $2.945.  Weather forecasts are holding steady, continuing to show above average temps through much of the country for the next two weeks, and the market finally breathed a sigh of relief.  Winter is far from over though and many projections called for a colder back half of the season when long-term forecasts were released in November.  The power markets are taking this period of relative quietness as an opportunity to sell-off, as most regions have moved lower this week.  Lower index pricing and a lack of cold weather forecasts are the primary reasons
The EIA will release its weekly storage report today at 10:30ET.  The latest estimates call for a draw in the low 40’s.   

 

Market Update 1419

Market Settles 010319

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...

3.83.236.51