Weekly Energy Report (03/02/2020)

Energy buyers continue to get pleasant surprises from the wholesale markets, with a sizable drop on the front end of the forward price curve. MAR2020 natural gas closed at $1.821, and the remainder of 2020 and all of Q1 2021 was down 9-23 cents, with no month thereafter up more than 4.2 cents. This pulled all of the annual term strips down, with the 12 month strip leading the downward charge at 12 cents off. Fundamentals support the idea that the market may have found its low, however, as weather and storage levels both look likely to put upward pressure on prices this week. Let your Lighthouse contact know how we can be helpful to you, or don’t hesitate to call (937)709-0098 x701 to schedule a free review of your free energy bill and facility.

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