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Daily Market Update January 18, 2022

Early Morning Update

he Feb ‘22 natural gas contract is trading up $0.04 at $4.30.  The Feb ‘22 crude oil contract is up $1.68 at $85.50.

Summary

he markets were closed yesterday in observance of Dr. Martin Luther King, Jr. Day. The prompt month of February remained almost stagnant in trading on Friday, moving down less than a cent to $4.262/MMBtu. However, market conditions pushed their influence forward to the rest of the year and Q1’23, raising the period by nearly seven cents on average. The 12-month average rose just over six cents to $4.18/MMBtu, 2023 stood still at $3.17, and 2024 and beyond all moved down by about two cents. Continued colder-than-normal weather sitting on top of the Midwest and East Coast looks to put additional upward pressure on heating demand as we move through the second half of the month. Production values have slowly shrunk into the low 90s Bcf/day nationwide, potentially lending more interest to what storage reports might have in store for the next few weeks.

 

Market Update 01 18 2022

Market Settles 01 14 2022

 

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