Weekly Market Energy Report: March Futures Rebound
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.
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.
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