Weekly Market Energy Report: January 31, 2019

 

Weekly Market Energy Report: February NYMEX Settles $2.950

Natural Gas

February 2019 gas futures settled Tuesday at $2.950/MMBtu. The contract traded as high as $4.837 back in November.

This morning’s smaller than anticipated withdrawal of 173 Bcf of gas caused gas prices to fall further with March 2019 now down two cents.

Electricity

Real time power prices have been remained steady in the face of the ongoing polar vortex with the 30 day average still at only $33.71/MWh.

Electricity futures trickling back down in recent weeks. The 12 month strip is down over $1.50 from 2 weeks ago to $36.24/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.

 

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