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November 18th, 2013

Market Summary for the Week of November 11 - November 15, 2013

by Tobias Grindal, Energy Analyst

Synopsis of Last Week's Energy Markets

WTI crude oil futures once again remained relatively flat last week with the near-term months ending the week down slightly and the outer-term months ending up slightly. The EIA reported another large stockpile increase as US crude production rose to its highest level since January 1989. Meanwhile, Brent’s premium to WTI grew to over $14 per barrel. Natural gas futures rose four out of five days last week, and the 12-month strip increased by close to 2.3 percent during the course of the week. Bullish factors included a smaller-than-expected stockpile increase and weather forecasts showing colder-than-normal weather on the East Coast from November 20 - 24.

To view the complete Market Summary, click here.

 

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