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May 7th, 2019

Market Summary for the Week of April 29 - May 3, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 2% last week, as strong supply numbers from the largest producers overtook expiring Iran sanctions waivers and positive economic indicators. US stockpiles sit at the highest levels since September 2017. Natural gas prices rose and fell last week but remain near the 3-year lows set in late April. Mild demand and high production have contributed to recordsetting injections that could help inventories refill before next winter.

To view the complete Market Summary, click here.

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