This week has erased more than half of last week’s increase on December 2017 futures. Down over 13 cents, the prompt month settled Wednesday at $3.080/MMBtu.
Today the EIA announced an 18 Bcf withdrawal of gas from storage, the first withdrawal of the season.
Real time power prices were back up this week. The 30 day average is up over $2/MWh since Monday.
Electricity futures fell alongside gas futures this week after their strong performance last week. The 12 month strip closed Wednesday at $29.99/MWh.
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