Daily Market Update December 28, 2021
Early Morning Update
he Jan ‘22 natural gas contract is trading down $0.05 at $4.01. The Feb ‘22 crude oil contract is up $0.79 at $76.36.
Summary
big run-up at the front of the curve with the prompt closing above $4 for the first time since Dec. 3. With liquidity being low this week, the market is especially susceptible to large swings as any activity can cause price movement, and yesterday was no exception. Forecasts still call for cooler than normal temps in the Pac NW and warmer temps in the southeast - a continuation of the La Nina weather pattern.
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