The Roller Coaster Continues…again. The Beacon, 11/29/2021
The Headline: More volatility last week, with a big price jump on Friday.
The Bottom Line: The energy markets are still struggling to find a rational price level and the fundamentals to drive it. After plenty of volatility during the week and the Thursday holiday, energy prices on Friday jumped by 5-8% despite bearish weather, a middling gas storage report, and a falling stock market. This market continues to defy expectations, and sometimes even explanation. Make sure you talk with Lighthouse before taking any action – a clear strategy and the right timing will be critical to avoid unnecessary expense.
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