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August 13th, 2019

Market Summary for the Week of August 5 - August 9, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices fell 2 percent last week following an increase in U.S. crude inventories. Saudi Arabia attempted to stabilize markets by announcing export cuts. Natural gas prices slipped a fraction of a cent last week, leaving prices near 3-year lows as record output and a slowdown in exports overwhelmed this year's high summer cooling demand.

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August 6th, 2019

Market Summary for the Week of July 29 - August 2, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices dropped 1% last week, as a cut to US interest rates was overshadowed by the threat of additional tariffs in the US-China trade conflict. Bearish sentiment may continue in the short-term. US crude inventories fell for the seventh straight week. Natural gas prices slipped to multi-year lows as demand retreated with the heat. The storage deficit, now at 4.5% compared to the 5-year average, is expected to narrow in the coming weeks.

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July 30th, 2019

Market Summary for the Week of July 22 - July 26, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices rose 1% last week as further tensions in the Middle East and hope for progress in upcoming US-China trade talks offset global economic concerns. US crude inventory data showed the effect of Hurricane Barry, extending the longest run of inventory declines in 2 years. Natural gas prices fell 3% last week as traders looked past a small storage build to milder weather and larger gains that are expected to help storage facilities refill rapidly before the start of winter.

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July 23rd, 2019

Market Summary for the Week of July 15 - July 19, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices fell 7.6% last week as concerns of oversupply and weakening global demand more than offset escalating tensions between the U.S. and Iran. Natural gas prices slipped 8% last week as traders looked past the heat wave to more moderate temperatures. Stocks are 5% below normal levels after the EIA reported the first bullish storage injection of the season.

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July 16th, 2019

Market Summary for the Week of July 8 - July 12, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices rose 4.7% last week, as Tropical Storm Barry disrupted U.S. Gulf of Mexico production and domestic oil inventories reported a steep drop. Natural gas prices also rose 1% last week with support from forecasts for heat waves that could boost electricity demand to meet cooling load. Meanwhile, Hurricane Barry's landfall suppressed regional gas production and demand.

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