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May 21st, 2019

Market Summary for the Week of May 13 - May 17, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose 2% last week as tensions escalated over the renewal of US sanctions on Iran crude oil, with small bouts of conflict raising concerns of further escalation and tightened near-term supply expectations. Natural gas prices rose for the fourth week in a row as strong exports and rising temperatures point to higher demand. This could curb storage injections, which have been larger than normal since the end of winter.

To view the complete Market Summary, click here.

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