Weekly Market Energy Report: July 20th, 2018 - EnergyMark LLC

Weekly Market Energy Report: November 9, 2018

November 9, 2018

 

Weekly Market Energy Report: Gas Futures Leap on Weather Expectations

Natural Gas

Huge movement in the natural gas futures market on Monday on the expectation of colder weather in the near term. The December 2018 contract rose nearly 30 cents.

This winter’s contracts showed the strongest upward movement due to concerns over natural gas storage levels. Currently natural gas storage is 621 Bcf behind the 5 year average.

Electricity

The 30 day average price of power is up only 40 cents from last week as real time power prices have remained steady.

Electricity futures responded to the jump in gas futures on Tuesday. The 12 month strip rose by over $1/MWh, the largest day over day increase since January.

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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