Weekly Market Energy Report: Storage Injection Stifles Gas Futures
July 2018 futures began the week falling over 12 cents Monday and Tuesday before recovering half of those loses on Wednesday.
After beginning the morning looking bullish, the EIA’s larger than anticipated storage report turned gas futures around, now down slightly on the day.
Real-time power prices have remained fairly consistent for the past week. The 30 day average price of power is within nearly $0.30/MWh from this time last week.
The 12 month strip has fallen slightly after reaching a high of $31.51/MWh. This is the highest the strip has been since January’s cold snap.
Click on a thumbnail to see a larger version:
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.