Weekly Market Energy Report: February 27, 2020

February 28, 2020

March Gas Settles at $1.821

Natural Gas

March 2020 gas contracts reached final settle yesterday at $1.821/MMBtu. The contract traded as low as $1.766/MMBtu during it’s time as the front-month.

Today’s withdrawal of 143 Bcf was less than expected and added more downward momentum to futures prices.

Electricity

The 30 day average price of real time power has rebounded slightly from last week, up 46 cents from last week.

Energy futures sank back after a brief rebound last week. The 12 month strip is down $1.73/MWh from this time last week.

Charts

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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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