Weekly Market Energy Report: November 30, 2017 - EnergyMark LLC

Weekly Market Energy Report: November 30, 2017

November 30, 2017

Weekly Market Energy Report: December Futures Strong at Close

Natural Gas

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.

Electricity

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.

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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