Weekly Market Energy Report: February 2018 Futures Strong Close
Natural Gas
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.
Electricity
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.
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.
