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November 13th, 2018

Market Summary for the Week of November 5 - November 9, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices have plummeted since early October as Russia, Saudi Arabia, and the US are all producing crude at historically high levels. In the past 5 weeks, NYMEX-traded WTI has eliminated the gains made since the start of 2018. Natural gas prices rose by a dramatic 14% last week amid concerns that cold weather could strain gas inventories, which began November at the lowest seasonal levels in more than a dozen years.

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November 6th, 2018

Market Summary for the Week of October 29 - November 2, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices declined for the fourth straight week. Saudi Arabia and Russia continue to ramp up production as sanctions against Iran were reinstated November 4. In addition, eight nations were given waivers to the sanctions. Natural gas prices rose 2% last week and extended those gains in trading Monday morning as forecasts for November cooled, threatening stronger withdrawals from inventories which are already at 15-year lows.

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October 30th, 2018

Market Summary for the Week of October 22 - October 26, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil contracts lost about 2% last week. Saudi Arabia and Russia have ramped up production in advance of the lost production from Iran, and the October drop in the equities market is pulling down crude prices also. Natural gas prices fell by 2% last week after five straight weekly gains. Weather forecasts turned mild, signaling easing demand going into November.

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October 23rd, 2018

Market Summary for the Week of October 15 - October 19, 2018

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil fell for a second straight week. US crude stocks of have gained for the past month while refineries are performing maintenance, offsetting the market impacts of the looming economic sanctions against Iran. Natural gas prices rose for the fifth consecutive week as traders looked ahead to colder weather and rising heating demand. Domestic inventories remain 16% below typical levels.

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