Prices fell sharply last week. Is a “New Normal” around the corner? The Beacon, 11/15/2021

The Headline:   Near term energy prices went down sharply last week based on bearish fundamentals, but are up on the back end of the curve.                   

The Bottom Line:    With storage numbers settling in to a reasonable level, more mild weather forecasts, climbing rig counts, and more good news out of Europe, prices dropped sharply last week.  Prices on the back end of the curve are up.  We still recommend staying on the sidelines, if possible, through the winter.  If it isn’t possible, schedule a talk with Lighthouse before taking any action – timing your buy correctly in this volatile market will be essential.           

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