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April 28th, 2014

Market Summary for the Week of April 21 - 25, 2014

by Michelle Tham, Director of Analytics

Synopsis of Last Week's Energy Markets

Crude oil prices came down for the first time in three weeks. Increasing violence in eastern Ukraine bolstered US and worldwide prices, while high domestic crude production and stock levels kept WTI prices in check.  Natural gas prices dropped last week on forecasts for milder weather and a storage gain that was larger than expected.  The May contract settled at $4.65/MMBtu on Friday, as demand should finally start to ease due to forecasted seasonal temperatures, though not particularly warm ones.

To view the complete Market Summary, click here.

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