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Weekly Energy Market Update 11/09

  • Writer: Gregg Goldstein
    Gregg Goldstein
  • Nov 9, 2021
  • 1 min read


Natural Gas

Bullish

​Crude Oil

Bullish


Economy

Bullish/Neutral

Weather

Neutral

Forward power prices in most regions followed gas higher last week. Cal ’22 strips in MISO, PJM, and Northeast markets moved up 3-4% week-over-week. ERCOT Cal’ 22 strip was up ~2% and the Cal ’22 CAISO strip backed off slightly. Cal ’23 saw a slight uptick across the board with the exception of ERCOT, where prices were down ~1.5%.


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