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May 14th, 2019

Market Summary for the Week of May 6 - May 10, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 0.5% last week. Setbacks in US-China trade negotiations pressured prices while falling US stockpiles pushed concerns of tighter supply. Natural gas prices rose for the third week in a row as mixed weather could boost demand in the coming days. Storage builds remain strong thanks to high production and the inventory deficit has narrowed to 16% below the 5-year average.

To view the complete Market Summary, click here.

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