Energy Market Preview

Discussion in 'Trading' started by TradeTheNews, Mar 1, 2007.

  1. TradeTheNews

    TradeTheNews ET Sponsor

    by TradeTheNews Staff

    - Very quiet overnight with respect to energy related news. Ahead of the start of floor trading, markets are mostly trading just below the unchanged mark with natural gas futures the largest mover of the energy commodities, currently down about 1% or 7 cents. Reminder that natural gas futures could be volatile this morning with the expected report of storage inventories at 10:30am. Trading in options and forward contracts currently project a draw of 141bcf. The 5-year average supply change for the comparable week is a draw of 129bcf. Last week supplies fell by 165bcf.