Mansfield Power and Gas Weekly

Analysis by Martin Trotter

Prices were up throughout the day Monday, closing around 4 cents higher than the previous mark, at $3.25/Dt. Still, prices were about $.15 lower than the previous week. Short term models show a colder than normal band of weather wrapping from the Pacific Northwest down through Texas and around to the Southeast before warmer weather returns to most of the Mid Con. Prices have been volatile in recent weeks as a result of back and forth patterns like these, but the most recent draw on storage pushed inventories further below the 5-year average – additional cold snaps could work down inventories and cause a gradual increase in prices due to lessening supply.

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Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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