Weekly Market Energy Report: Low Storage Injection Lifts Market
August 2018 futures final settle came in last Friday at $2.822/MMBtu, falling roughly 15 cents from a month ago.
Another smaller than anticipated storage injection caused September 2018 futures to jump 6 cents this morning as total gas in storage is now 565 Bcf behind the 5 year average.
Low real time power prices have caused the 30 day average price of power to steadily fall this week, down over $2/MWh.
The 12 month electricity futures strip has remained stable, moving up just 13 cents. The 24 month strip continues to show some volatility bouncing back and forth, ultimately up 12 cents this week.
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