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December 4th, 2018

Market Summary for the Week of November 26 - November 30, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices saw a slight uptick for the first week since early October. WTI contracts for delivery during 2019 slid 30% between October 3 and the end of November but $50 seems to be a support level for the prompt month, especially ahead of an OPEC+Russia meeting later this week. Natural gas prices rose 6% last week even as forecasts eased and production reached new highs. Concerns linger that with wide storage deficit, any winter cold could further strain inventories.

To view the complete Market Summary, click here.

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