Happy Summer Solstice we’ve got some super hot weather in Toronto to mark the occassion! Yesterday marked the U.S. Juneteenth holiday so there was minimal activity, but we’re back today! After markets fell after closing on Friday, they’ve made a slight comeback today. The July prompt month NYMEX traded within a range of US$6.554/MMBtu to $6.976 today, and settled at $6.808, down $0.136 from Friday. (Note that since yesterday was a holiday, markets settled early at 2PM and were open, but no settle is recorded). Two main factors continue to be at play for pricing, weather and the storage balance. While hotter weather led to more use from power generation and cooling, the outage at Freeport has really freed up some excess supply. ~CL

Scroll to Top