Weekly Market Energy Report: Gas Futures Fall After Another Bullish Week
Gas futures contracts continued to show strength this week until today as the November 2018 contract is down over 10 cents on the day.
Today’s injection of 81 Bcf of gas into storage brought total gas in storage to 3,037 Bcf, closing the year over year gap to 601 Bcf.
Continued low real time power prices have lowered the 30 day average over $6/MWh from last week. The lowest it has been in over 4 months.
Electric futures are remaining fairly steady. Both the 12 and 24 month strips moved less than 25 cents in the last week.
Click on a thumbnail to see a larger version:
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.