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January 2nd, 2019

Market Summary for the Week of December 24 - December 28, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil wrapped up the year with another week of losses. Prompt month WTI saw a net loss of 25% for the year as OPEC and Russia veered from the production cut agreement for the second half of 2018. Natural gas prices slipped 11% last week as traders looked ahead to mild temperatures that could limit heating demand. U.S. production remains strong, but inventories are 19% below the 5-year average.

To view the complete Market Summary, click here.

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