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September 24th, 2019

Market Summary for the Week of September 16 - September 20, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices jumped 6-7% last week in the aftermath of drone attacks on Saudi oil production facilities, as production recovery and responses to the attacks came into focus. A tropical storm hitting the Gulf Coast slowed activity at the largest refineries and crude oil terminals in the US. Meanwhile, natural gas prices slipped 3% as traders looked ahead to the end of summer. The U.S. storage deficit fell to 75 Bcf last week, just 2% short of the 5-year average.

To view the complete Market Summary, click here.

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