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May 29th, 2019

Market Summary for the Week of May 20 - May 24, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 5-7% last week as concerns over the US-China trade war sent equities tumbling and crude along with them for the worst week of losses this year. Domestic stockpiles add to the bearish pressure, sitting at the highest levels since July 2017.Natural gas prices slipped 2% last week as traders anticipated another strong storage injection. High production has helped to close the lingering storage deficit, but rising demand could curb coming injections as temperatures rise.

To view the complete Market Summary, click here.

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