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March 10th, 2014

Market Summary for the Week of March 3 - 7, 2014

by Michelle Tham, Director of Analytics

Synopsis of Last Week's Energy Markets

Crude oil futures saw a weekly increase for the first seventh consecutive week, although last week’s gain was more of a plateau in comparison to previous weeks. Crude prices were boosted by another decrease in stocks at Cushing, Oklahoma. Natural gas prices followed a gently declining trend over the course of the week with a slight upturn on Friday. The prompt month contract tumbled more than 20%. Bearish factors included predictions of easing temperatures and liquidation of investments prior to the March expiry.

To view complete Market Summary, click here.

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