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October 1st, 2019

Market Summary for the Week of September 23 - September 27

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices fell 4% last week as production in Saudi Arabia recovered faster than expected following major drone strikes, and U.S. comments on the trade conflict with China clouded prospects for further talks.Natural gas slipped 5% last week as production swelled with new transportation out of the Permian Basin in western Texas. Inventory levels are nearing the 5-year average at just a 1.5% deficit.

To view the complete Market Summary, click here.

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