Prices Rise on Cold Weather, a Small-ish Storage Report, and Regulatory Concerns. The Beacon, 04/19/2021

The Headline:   Colder weather forecasts and a slightly smaller-than-expected gas storage report led to a broad price increase last week, with prices up through 2028.   After 2028, the market is only very slightly down, suggesting that the market still fears that long-term price levels are rising.        

The Bottom Line:    This may be the end of the prime buying opportunity for a few months – a bad hurricane season, a hot summer, or regulatory announcements adverse to the oil and gas industry could push wholesale energy costs up.       

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