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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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