• While 12-month natural gas was down slightly, the 12-month basis was flat, and the wholesale electric prices fell $0.50/MWh.
  • Colder-than-normal weather is being projected for the West, while in the East the warmer-than-normal area is smaller than projected from earlier this week.
  • NOAA's Seasonal Outlook for July - September projects warmer-than-normal weather for all but a portion of the North Central states.
  • The EIA announced a 47 Bcf withdrawal of natural gas from storage, 30 Bcf more than the five-year average but 8 Bcf lower than expectations.