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January 23rd, 2019

Market Summary for the Week of January 14 - January 18, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose for the third straight week, resting in the low $50’s range for the past 10 days. China put forth two strategies to counteract an economic slowdown due to the trade war with the US; if successful, economic growth would boost crude oil demand. Natural gas prices jumped last week amid forecasts for a cold end of January but trading on Tuesday reversed much of those gains. Storage remains 11% below 5-year average levels.

To view the complete Market Summary, click here.

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