Weekly Market Energy Report: February 2018 Futures Strong Close
February 2018 futures finished with a strong close on Monday of $3.631/MMBtu. This is the highest settlement for any month since January 2017.
Since taking over as the prompt month, March 2018 futures have fallen over 30 cents, down around 15 today following a smaller than anticipated storage withdrawal.
The 30 day average price of power has continued to fall due to the return to more normal power prices in the real-time market.
The drop in the 12 and 24 month futures strips that occurred yesterday is largely due to the February 2018 contract coming off the board.That contract finished trading Wednesday at $51.15/MWh.
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