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September 4th, 2019

Market Summary for the Week of August 26 - August 30, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices rose 2% last week, ending August down 6%, as falling US inventories cut into demand concerns due to escalating trade tensions and economic warning signs. Natural gas prices rose 6% last week as late summer heat supported power burn demand. Inventories are now 3% below the 5-year average as strong production has helped close the deficit that persisted through last winter.

To view the complete Market Summary, click here.

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