Natural Gas Prices Continue to Fall
Natural gas futures continue to fall in anticipation of weakened demand. July 2020 contracts are down another 10+ cents today prior to their final settlement tomorrow.
Today’s injection of 120 Bcf of gas into storage was much larger than expected and raised total gas in storage over 3 Tcf, 18% above the 5 year average.
The 30 day average price of real time power continues to climb with summer cooling demand, up more than $2/MWh from last week.
Power futures are down slightly from last week. The 12 month strip is down 42 cents from last week to $26.91/MWh.
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