Weekly Market Energy Report: March Futures Rebound
Natural Gas
Natural gas futures showed little movement this week prior to today. However today May 2018 futures are down around 7 cents.
Natural gas withdrawals continue as we are now in what is typically gas injection season. Today the EIA reported a 36 Bcf withdrawal from storage.
Electricity
Sustained demand due to colder temperatures has caused increases to the 30 day average price of real time power for 7 straight days, now up over $5/MWh from last week.
This week the gap between the 12 and 24 month strips has closed to only 9 cents as the 12 month strip fell 14 cents while the 24 month strip rose by 8 cents.
Charts
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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.
