Weekly Market Energy Report: December Futures Strong at Close
December 2017 natural gas futures rallied over 25 cents this week before closing Tuesday at $3.074/MMBtu. January 2018 futures took over as the prompt month on Wednesday opening at $3.131/MMBtu.
Today the EIA announced a 33 Bcf withdrawal of gas from storage, slightly less than what was anticipated.
Real-time power prices have remained steadily around $25/MWh for a few weeks. The 30 day average as of Wednesday is $25.79/MWh
Electricity futures jumped with natural gas this week. The 12-month strip is up over $1/MWh this week at $30.83/MWh.
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