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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.

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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.

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September 4th, 2019

Market Summary for the Week of August 26 - August 30, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices rose 2% last week, ending August down 6%, as falling US inventories cut into demand concerns due to escalating trade tensions and economic warning signs. Natural gas prices rose 6% last week as late summer heat supported power burn demand. Inventories are now 3% below the 5-year average as strong production has helped close the deficit that persisted through last winter.

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August 27th, 2019

Market Summary for the Week of August 19 - August 23, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude prices fell 1 % last week as trade war developments and economic concerns continue to exert pressure on markets. Natural gas prices slumped 2% last week as heat faded, production soared, and trade tensions rose. Inventories remain 4% below average levels but are expected to fill quickly as summer comes to a close.

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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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