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October 16th, 2018

Market Summary for the Week of October 8 - October 12, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices finally fell last week on a combination of factors. A slump in equities brought down commodities, while domestic crude storage gained. However, relations with Saudi Arabia are strained by the disappearance of Jamal Khashoggi, which could boost oil prices. Natural gas prices saw little weekly change as power outages in the wake of Hurricane Michael weighed on markets. This comes despite increasing concern over low storage levels going into the winter season.

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October 9th, 2018

Market Summary for the Week of October 1 - October 5, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Over the past four weeks, crude oil contracts for the next twelve months have gained 10-15%. Markets overlooked bearish factors last week, instead continuing to anticipate the loss of supply due to the US sanctions against Iran. Natural gas prices rose 4% last week with forecasted gains in seasonal demand. Storage remains on track to end the injection season at 15-year lows despite a surprisingly strong weekly build.

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October 2nd, 2018

Market Summary for the Week of September 24 - September 28, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices climbed 4% for contracts in the next twelve months; distillate products saw an even steeper jump. The OPEC+ group decided not to release additional crude as the November 4 deadline for the re-imposition of Iran sanctions looms. Natural gas prices were volatile last week but ultimately saw modest week-over-week gains. Near-term contracts have risen with inventories and are poised to end the injection season 16% below 5-year average levels.

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September 26th, 2018

Market Summary for the Week of September 17 - September 21, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices climbed last week and into this week as domestic crude stocks declined for a fifth consecutive week. In addition, the OPEC+ cartel met over the weekend and decided not to increase production. Natural gas prices surged 7.6% last week after China announced 10% tariffs on U.S. LNG shipments. Inventories remain 18% below the 5-year average as summer comes to a close.

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September 18th, 2018

Market Summary for the Week of September 10 - September 14, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose last week as Hurricane Florence wreaked havoc on the East Coast, boosting prices especially for refined products the region. Furthermore, domestic crude oil in storage fell more than expected. Natural gas prices saw little weekly change: early-week gains were erased on Friday as Hurricane Florence made landfall in North Carolina, undercutting demand as temperatures fell and outages spread in the storm’s wake

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