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June 11th, 2019

Market Summary for the Week of June 3 - June 7, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil climbed 1-2% last week, rebounding from a midweek low on OPEC supply pledges and word of progress towards a deal between Mexico and the US. US total petroleum stockpiles grew by the most in 30 years. Meanwhile, natural gas prices fell for a third consecutive week, setting new 3-year lows as storage continued to refill faster than expected. Inventories are now 11% below the 5-year average according to the EIA.

To view the complete Market Summary, click here.

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