Natural Gas Prices Rebound
Natural gas futures have made a big recovery in the last two weeks. The 12 month strip has risen 20 cents since June 28th.
Today’s injection of 56 Bcf of gas into storage was in line with estimates and brought total gas in storage to 17% above the 5 year average.
The 30 day average price of real time power continues to climb with summer cooling demand, up more than $3/MWh from 2 weeks ago.
Power futures are creeping up slightly with added momentum from natural gas prices rebounding. The 12 month strip is up to $27.62/MWh.
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