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August 28th, 2018

Market Summary for the Week of August 20 - 24, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices soared last week, snapping a three-week losing streak. A large drop in US crude oil stocks plus a weakening US dollar boosted the crude market, although the trade war with China is keeping a lid on how high crude prices will climb. Natural Gas prices declined 1% last week after a six-week really fueled by concerns over a widening storage deficit. Power burn demand has curbed injections, leaving inventories 20% behind the 5-year average.

To view the complete Market Summary, click here.

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