|
SELECTED PRESS RELEASE:
|
|
posted on:
9/16/2011 7:51:49 AM EST
|
Market update
Natural gas, electricity, deregulation
 VISIT WEBSITE (learn more)
|
Market Natural gas traded higher during the week but is falling after a strong storage report this morning. Prices are still tempered by the sluggish economic reports as well as moderate US temperatures. Gas production levels due mostly to shale drilling are still strong; but the shale fracking practice is under some environmental scrutiny now. Natural gas is very attractive to fix at this time to protect this year and beyond. The North American rig count is 892 this week. After a rise in count starting a year and a half ago the rig count has leveled off and decreased by 3 this week. The Crude oil price for September is lower this week at $89.57 per barrel. Heating oil is lower at $3.01 per gal. Unleaded gasoline futures are lower this week at $2.78 and gasoline at the pump is around $3.69…in Indiana. The natural gas storage report today was an injection of 87 BCF; but storage is 140 BCF lower than last year and 52 BCF lower than the 5 year average
Mike Grimes
877-212-1400
|
|
BUSINESS OWNER COMMENTS:
|
leave comment
|
|
** You need to be a member of IBOtoolbox to comment. Click Here to create free account.
|