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October 2nd, 2018

Market Summary for the Week of September 24 - September 28, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices climbed 4% for contracts in the next twelve months; distillate products saw an even steeper jump. The OPEC+ group decided not to release additional crude as the November 4 deadline for the re-imposition of Iran sanctions looms. Natural gas prices were volatile last week but ultimately saw modest week-over-week gains. Near-term contracts have risen with inventories and are poised to end the injection season 16% below 5-year average levels.

To view the complete Market Summary, click here.

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