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June 4th, 2019

Market Summary for the Week of May 27 - May 31, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil fell 9% last week, capping a monthly loss of 16%, as multiple trade conflict concerns and a bearish EIA report overwhelmed tensions in the Middle East. Natural gas prices slipped 6% last week as production continues to outweigh rising exports and seasonal gains in demand. The storage deficit has fallen to 5% vs. the 5-year average and may continue to narrow in the coming weeks.

To view the complete Market Summary, click here.

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