|
The pace and timing of a potential global recovery will be a major determinant of energy prices in the next twelve months. As such, we will be focusing on key economic indicators this week, and discussing their potential implications.
| |
Aeco (Cdn$/GJ)
|
Nymex(U.S.$/mmbtu)
|
| |
June 24
|
June 16
|
Change
|
June 24
|
June 16
|
Change
|
|
Jul09-Oct09
|
$3.59
|
$3.92
|
-8.4%
|
$4.09
|
$4.39
|
-6.9%
|
| Nov09-Oct10 |
$5.60
|
$5.93
|
-5.6%
|
$5.85
|
$6.18
|
-5.4%
|
| Nov10-Oct11 |
$6.63
|
$6.97
|
-4.9%
|
$6.80
|
$7.15
|
-4.9%
|
| Nymex Prompt Prices |
June 24
|
June 16
|
Change
|
|
Natural Gas (U.S. per mmbtu)
|
$3.879
|
$4.129
|
-6.1%
|
|
Crude Oil WTI (U.S. per barrel)
|
$69.24
|
$70.47
|
-1.7%
|
| Currency |
June 24
|
June 16
|
Change
|
| USD/CAD |
$0.869
|
$0.880
|
-1.2%
|
Monday’s sell off in commodity and equity markets was exacerbated by a report from the World Bank, in which they forecast a 2.9% decline in global economic growth in 2009. This was a downward revision from the 1.7% decline they envisioned back in March. The World Bank also lowered their expectation for 2010 growth from 2.3% to 2.0%. For 2009, ......The full Market Watch is available to ECNG Customers to contact one of our specialists, call 1-888-989-1501 or email info@ecng.com
Your Client Service Representative will be in touch with you regarding this issue.
www.ecng.com
|
