Weekly Market Report: Nov 16 – EnergyMark, LLC – Electric and Natural Gas Supply

Weekly Market Report: Nov 16

November 16, 2017

Natural Gas

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.

Electricity

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.

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.