Weekly Market Energy Report: Gas Prices Surging on Storage and Weather
Natural Gas
November 2018 futures contracts have climbed 25 cents in the last week to $3.23/MMBtu. Storage levels and weather outlook being the main drivers.
Today’s storage injection of 98 Bcf gave a bit of relief to the market, currently down about 4 cents after being down as much as 9 cents.
Electricity
Cheap power prices in the real time market have brought the 30 day average down over $5/MWh from last week.
The 12 month electric futures strip is still making its way towards $34/MWh, up another 11 cents from last week. The 24 month trailing by $1.45.
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.
