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October 9th, 2018

Market Summary for the Week of October 1 - October 5, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Over the past four weeks, crude oil contracts for the next twelve months have gained 10-15%. Markets overlooked bearish factors last week, instead continuing to anticipate the loss of supply due to the US sanctions against Iran. Natural gas prices rose 4% last week with forecasted gains in seasonal demand. Storage remains on track to end the injection season at 15-year lows despite a surprisingly strong weekly build.

To view the complete Market Summary, click here.

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