Market Commentary

Weekly Recap

May 19, 2014

Download PDF version of Market Commentary

  • Another week of downward movement on the NYMEX
    reached its low point on Tuesday with the strip bottoming
    out at 4.353. Thursday saw a minor rebound and the strip
    settled exactly 10 cents below the prior week.
  • Power restored some of its correlation to natural gas as
    prices mirrored the downward movement of the NYMEX in
    all 5 markets tracked below
  • Cool weather in the Midwest late last week could mean an
    unimpressive injection next week. Here in Dublin, Ohio
    temperatures got as low as the mid 40’s.
  • Thursday’s storage report brought some volatility to the
    market. Initial reactions to the 105 BCF change in storage
    were bearish until trader’s realized that 8 BCF of this number
    was noted as a correction made by the EIA. This
    brought the injection down to 97 BCF and the prompt
    month gained 10 cents on the day.