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October 29th, 2019

Market Summary for the Week of October 21 - October 25, 2019

by Kelsey Berger, Associate Manager of Analytics

Synopsis of Last Week's Energy Markets

Crude prices climbed 4.5-5.5% last week on bullish domestic fundamentals data and optimism out of the White House to complete an initial trade deal with China. OPEC indicated that further production cuts may be discussed at meetings in December. Natural gas prices slid 1% to $2.30/MMbtu despite forecasts for falling temperatures. Inventories are poised to begin the winter at a surplus to the average as production reaches new record highs.

To view the complete Market Summary, click here.

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