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February 20th, 2019

Market Summary for the Week of February 11 - February 15, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose to the highest levels in 2019 to date as optimism over a possible US-China trade deal raised hopes for demand. Saudi Arabia announced further production cuts as Russia indicated its intention to comply with its own promised production cuts. Natural gas prices rose 2% last week as but remain near historical lows. Winter’s cold has yet to draw inventories to critical lows, which has weighed on prices as spring approaches.

To view the complete Market Summary, click here.

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