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  Weekly Market Update
January 4, 2018
  Natural Gas

February 2018 natural gas futures rose to over $3.00/MMBtu before a smaller than anticipated withdrawal from storage caused the contract to fall below $3.00.

Today's withdrawal from storage of 206 Bcf brings total gas in storage to 3,126, 192 Bcf less than both last year and the 5 year average.

Continued high electricity prices due to the winter weather in the northeast has drastically raised the 30 day average which is now over $40/MWh.

Last week the 12 month electricity futures strip was up over $2/MWh in response to the natural gas market before falling slightly this week to $30.61/MWh.
  12 & 24 Month NYMEX Strip
  12 & 24 Month Zone A Power Strip
  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.
The U.S. burned the most natural gas ever on Monday, breaking a record set during the so-called polar vortex that blanketed the nation’s eastern half with arctic air in 2014. America consumed 143 billion cubic feet of gas as temperatures dipped to all-time lows on New Year’s Day, topping the previous high of 142 billion from four years ago, data from PointLogic Energy show. Prices for the heating fuel rose to the highest in a month.

 Weather Watch  
  NOAA 8-14 Day Outlook
  NOAA 30 Day Outlook