Weekly Energy Report (10/21/2019)

The market bounced back up slightly last week, with all of the annual strips up 1-4 cents from the previous Friday. That still leaves all of the strips under $2.50, which is a fine price point for buyers. The coming week isn’t showing many advance signals of strong price movement in either direction – weather forecasts are mixed, although the population centers on both coasts will be warmer than normal, the tropical weather forecast is quiet, and storage is at appropriate levels compared to historical averages. In short – good prices and good reason to hope for a lack of volatility this week. Let’s get your contract signed before winter arrives and drives prices up again. Give your Lighthouse contact a call at 937-709-0098 x701 to get the ball rolling, and have a great week!

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