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February 26th, 2019

Market Summary for the Week of February 18 - February 22, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices climbed 3% over the course of the week to the highest levels in the past three months. A rise in US crude oil production to a record 12 million barrels per day could offset neither OPEC's progress in its new production cuts nor optimism over US-China trade talks. Natural gas prices rose 4% last week with lower-than-average temperatures on the horizon for much of the country. Production is strong but inventories remain 18% below the 5-year average due to high demand.

To view the complete Market Summary, click here.

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