Prepare For A Prolonged Period Of High Energy Prices

WTI temporarily broke the $80 mark on Friday morning as the global energy crunch continues to drive prices higher.Friday, October 8th, 2021 The global energy crunch has been gaining momentum over this week with pricing fundamentals increasingly pointing towards a much more prolonged period of high gas and coal prices as electricity generation became a price concern across the Atlantic Basin and Asia. European gas futures have already moved beyond a crude oil equivalent of $200 per barrel, boosting gas-to-oil possibilities wherever they remain…