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September 10th, 2019

Market Summary for the Week of September 2 - September 6, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices rose 2-3% last week, as developments in the US-China trade conflict and further sanctions on Iran overshadowed continued concerns for future demand. US inventories fell to the lowest levels in eight months. Natural gas prices surged 9% last week as forecasts for September show hot weather across most of the country. The gains came despite a continually narrowing storage deficit, now below 3% vs the 5-year average.

To view the complete Market Summary, click here.

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