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April 2nd, 2019

Market Summary for the Week of March 25 - March 29, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose 2% last week, with WTI settling over $60 per barrel for first time since November. OPEC cuts and falling domestic rig counts signaled tightening supplies. Natural gas prices declined 3% last week after what is expected to be the last withdrawal of this winter. Rising temperatures and sustained production growth could chip away at the 550-Bcf storage deficit.

To view the complete Market Summary, click here.

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