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April 24th, 2012

CES Market Summary Released for April 24, 2012

by Michelle Tham, Director of Analytics

Crude oil contracts moved within a $2 range last week but ended the week with little overall change.  Crude oil for the prompt month has ended in the $103 per barrel range for four consecutive weeks as analysts look for signs of a global and domestic recovery while Europe\'s debt crisis lingers. Natural gas saw a fifth straight week of declines. Storage levels remain at record high levels for this time of year and the short-term weather outlook continues to call for warmer-than-normal weather as the heating season wraps up.

For the entire CES Market Summary, please see: http://www.competitive-energy.com/market-summary/CESMarketSummary_042312.pdf

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