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Daily Market Update March 29, 2022

Early Morning Update

The Apr ‘22 natural gas contract is trading down $0.18 at $5.33. The May ‘22 crude oil contract is down $5.56 at $100.40.


A relatively quiet day in the natural gas market yesterday was a welcome change, as weather forecasts across the country look to even out. The April prompt month softened six cents on its penultimate day of trading, down to $5.508/MMBtu, and the 12-month strip followed suit, down six cents to $5.62/MMBtu. The 2023 & 2024 calendar strips remained calm, as well, losing a penny to $4.40 and $3.70, respectively. A transient weather pattern crossing a few times over the next two weeks, along with some much-needed rain, have allowed demand forecasts to retreat to levels more common during early springtime. In addition to temperatures, production levels, led by Texas, have also been on the rise and look to finish the month at an increase of about 3% year-over-year compared to March of 2021.


Market Update 03 29 2022

Market Settles 03 28 2022


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