April 8 2024 Market Update

Summer 2024 Strip is trading $2.31 US/mm on NYMEX and the Winter 24-25 Strip is trading $3.39, with is basically flat for the last week.

NOAA Forecast indicated that temperatures will be above seasonal averages for the near future. At this time of year in Ontario, that would mean a reduced the demand for Natural Gas with lower heating demand but not warm enough for air conditioning demand.

Hope you enjoyed the eclipse. [WFG]

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