Weekly Market Energy Report: August Gas Futures Continue to Slide
August 2018 futures continue to trend downward this week, down roughly 3 cents through Wednesday and down another 3 cents thus far in trading today.
Today’s storage report of a 51 Bcf injection of gas into storage increased the deficit between current and year ago levels to 725 Bcf.
The 30 day average price of power continued to climb from last week, now up nearly another $2/MWh from this time last week.
Electricity futures lost momentum this week as the 12 month strip dipped 16 cents from last week. Additionally the gap between the 12 and 24 month strips has narrowed from 63 cents to 42 cents.
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.