EOX MARKET REPORTS

End of Day Market Commentary – March 16, 2018

The prompt Henry Hub natural gas contract settled at $2.681 yesterday, a move down of $0.05 (1.83%) from prior day’s settle of $2.731. The 1 Yr market structure changed to a 0.011 contango verse a prior day backwardation of 0.018. Henry Hub natural gas total market volume for the day was 379,083 contracts traded. A decline of 3,548 contracts (0.93%) verse the previous day volume of 382,631 contracts. Overall market interest in Henry Hub natural gas market was down at 1,398,984 open contracts from 1,401,239.

The prompt WTI crude oil contract settled at $61.19 yesterday, a move up of $0.23 (0.38%) from prior day’s settle of $60.96. The 1 Yr market structure changed to a 3.7 backwardation verse a prior day backwardation of 3.49. WTI crude oil total market volume for the day was 1,006,407 contracts traded. A decline of 264,068 contracts (20.78%) verse the previous day volume of 1,270,475 contracts. Overall market interest in WTI crude oil market was down at 2,401,717 open contracts from 2,403,139.

The Brent crude oil contract settled at $65.12 yesterday, a move up of $0.23 (0.35%) from prior day’s settle of $64.89. The 1 Yr market structure changed to a 3.26 backwardation verse a prior day backwardation of 3.09. Brent crude oil total market volume for the day was 57,008 contracts traded. A decline of 15,622 contracts (21.51%) verse the previous day volume of 72,630 contracts. Overall market interest in Brent crude oil market was up at 186,957 open contracts from 184,681.

The prompt RBOB gasoline contract settled at $1.925 yesterday, a move up of $0.001 (0.03%) from prior day’s settle of $1.924. The 1 Yr market structure changed to a 0.053 backwardation verse a prior day backwardation of 0.055. RBOB gasoline total market volume for the day was 155,380 contracts traded. A decline of 72,504 contracts (31.82%) verse the previous day volume of 227,884 contracts. Overall market interest in RBOB gasoline market was up at 422,656 open contracts from 421,833.

The prompt PJM West electricity contract settled at $33.95 yesterday, a move down of $0.55 (1.59%) from prior day’s settle of $34.50. The 1 Yr market structure changed to a 1.95 backwardation verse a prior day backwardation of 2.45. PJM West electricity total market volume for the day was contracts traded. Volume is unchanged from yesterday. Overall market interest in PJM West electricity market was down at 1,190 open contracts from 1,750.

The prompt Mt. Belvieu (LST) propane contract settled at $0.778 yesterday, a move up of $0.005 (0.65%) from prior day’s settle of $0.773. The 1 Yr market structure changed to a 0.124 backwardation verse a prior day backwardation of 0.12. Mt. Belvieu (LST) propane total market volume for the day was 6,775 contracts traded. A decline of 1,440 contracts (17.53%) verse the previous day volume of 8,215 contracts. Overall market interest in Mt. Belvieu (LST) propane market was up at 92,047 open contracts from 91,659.