Weekly Market Energy Report: December Futures Strong at Close
Natural Gas
December 2017 natural gas futures rallied over 25 cents this week before closing Tuesday at $3.074/MMBtu. January 2018 futures took over as the prompt month on Wednesday opening at $3.131/MMBtu.
Today the EIA announced a 33 Bcf withdrawal of gas from storage, slightly less than what was anticipated.
Electricity
Real-time power prices have remained steadily around $25/MWh for a few weeks. The 30 day average as of Wednesday is $25.79/MWh
Electricity futures jumped with natural gas this week. The 12-month strip is up over $1/MWh this week at $30.83/MWh.
Charts
Click on a thumbnail to see a larger version
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- 12 & 24 Month NYMEX Strip
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- 12 & 24 Month Zone A Power Strip
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- 3-Day NYMEX Trading Summary
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- 3-Day NYISO Zone A Power Summary
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- EIA Natural Gas Storage (Bcf)
Disclaimer
This document is intended for indicative purposes only. All information contained within this report is acquired from third-party sources and EnergyMark makes no representations or warranties, express or implied, as to the accuracy of the information provided herein. EnergyMark is not liable for any actions or decisions made in reliance on the information provided in the report.
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