Daily Market Update December 30, 2021
Early Morning Update
he Feb ‘22 natural gas contract is trading down $0.05 at $3.80. The Feb ‘22 crude oil contract is up $0.12 at $76.68.
Summary
he Jan ‘22 contract expired yesterday after a bumpy trading session. The market opened up sharply and traded all the way up to $4.26 before the rally ran out of steam and the prompt month fell and closed the day at $4.024, down $0.031. The EIA will release the weekly storage report today and estimates are calling for a draw of 130 Bcf. Today will be our final morning update for 2021. Have a great and safe New Years and we’ll see you in 2022.
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