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September 17th, 2019

Market Summary for the Week of September 9 - September 13, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices fell 3% last week as changes in the US stance on Iran stood out, however weekend attacks on Saudi oil fields promise near term price spikes and the potential for longer term increases as US-Iran tensions re-escalate. Natural gas prices jumped 5% this week as late-summer heat boosted cooling demand at a time when overall demand is usually weaker. Domestic inventories are currently 2.5% below the 5-year average.

To view the complete Market Summary, click here.

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