• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 51 mins Reality catching up with EV forecasts
  • 1 day "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 days US Oil Independence is a myth and will always be a myth
  • 1 day A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 12 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 16 days Natural gas price to spike when USA is out of the market
  • 14 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 15 days *****5 STARS - "The Markets are Rigged" by The Corbett Report

Energy Market Snapshot for April 18 2012

Wednesday was a fairly placid day for the energy market, with minor gains being the main order of the day. The New York Mercantile Exchange crude future saw a small jump, gaining $0.12 or 0.12% to finish at $102.79 per barrel. The Brent price also say marginal gain, growing $0.08 or 0.07% to finish at $118.01 per barrel. The WTI Cushing price dropped slightly, losing $1.53 or 1.47% to finish at $102.67 per barrel.

The NYMEX heating oil future saw a small gain, raising 0.47 cents or 0.15% to finish at 312.29 cents per gallon. The NYMEX RBOB gasoline future also raised slightly, gaining 0.93 cents or 0.29% to finish at 321.20 cents per gallon.

ADVERTISEMENT

Natural gas saw marginal losses and no gains. The NYMEX Henry Hub future lost $0.01 or 0.51% to finish at $1.94 per million British thermal units. The Henry Hub spot price saw no change, remaining at $1.88 per MMBTU. The New York City Gate price dropped $0.04 or 1.94% to finish at $2.02 per MMBTU.

ADVERTISEMENT

Electricity saw the day's biggest gains and loss on the market. Mid-Columbia's on-peak spot price jumped by $2.74 or 18.12% to finish at $17.86 per megawatt hour. Palo Verde also saw a jump, gaining $1.03 or 4.82% to finish at $22.39 per MW-h. ERCOT Houston posted the day's biggest loss, dropping $1.97 or 6.57% to finish at $28.03 per MW-h.

By. Shea Laverty for Oilprice.com

You can find more of Shea's work by clicking here.

All prices listed are in USD unless otherwise noted.
Data from Bloomberg.



Join the discussion | Back to homepage

ADVERTISEMENT


ADVERTISEMENT


Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News