NEI's Energy Markets Report (January 8th - 12th)

Here's a summary of what went on in the energy markets last week:

Electricity prices were mostly increasing throughout the country last week (see pages 1 & 2). Gas prices rose at the Henry Hub increasing $0.50 to $6.00 / MMBtu (see page 4). Uranium prices remained at $72 / lb U3O8 for the fifth week in a row (see page 7). Crude oil prices decreased to $57.76 / barrel (see page 5). Crude oil futures traded at $54.12 / barrel for February (see page 6).

Summer temperature patterns are expected to return to normal during 2007, with cooling degree-days 10 percent lower than 2006. Following the significant residential price increases experienced during 2006, residential prices are expected to grow at a more modest rate of 2.5 percent during 2007. While the forecast for the remaining winter months is for only slightly warmer-than-normal weather, the average Henry Hub spot price this winter is expected to remain below $7.

For the podcast click here. For the report click here (pdf). It is also located on NEI's Nuclear Statistics webpage.

Technorati tags: Nuclear Energy, Nuclear Power, Electricity, Environment, Energy, Natural Gas, Oil