Weekly Energy Report (11/18/2019)

Good morning everyone – The markets gave energy buyers a little relief last week, ending up lower on the front and back ends of the forward curve, and pushing all of the annual strips within a couple cents of the $2.50 mark.  This week has the potential to be a solid week to buy, with milder weather forecasts, limited tropical activity, and a solid storage position – the rig count is the only bullish indicator, and the influence of that metric is pretty limited.  The tip-over from storage injection to storage withdrawal season is expected to happen in the next few weeks, and bring with it higher energy prices and more volatility – let’s get your agreement executed before they impact your rate and your bills! Give your Lighthouse contact a call anytime to get protected, or call me at 937-709-0098 x701.   

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