More Hot Weather, but a Cool Market

The Headline: Not much change in the forward energy market, as bullish hot weather across the US is outweighed by COVID-19 energy demand destruction..

Prices are low through 2025, but watch out — rig counts are still historically low and prices may jump as demand rises due to eventual easing of COVID-19 restrictions.

The Bottom Line: Buyers should lock in energy rates before they jump up again.