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May 29th, 2019

Market Summary for the Week of May 20 - May 24, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 5-7% last week as concerns over the US-China trade war sent equities tumbling and crude along with them for the worst week of losses this year. Domestic stockpiles add to the bearish pressure, sitting at the highest levels since July 2017.Natural gas prices slipped 2% last week as traders anticipated another strong storage injection. High production has helped to close the lingering storage deficit, but rising demand could curb coming injections as temperatures rise.

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May 21st, 2019

Market Summary for the Week of May 13 - May 17, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose 2% last week as tensions escalated over the renewal of US sanctions on Iran crude oil, with small bouts of conflict raising concerns of further escalation and tightened near-term supply expectations. Natural gas prices rose for the fourth week in a row as strong exports and rising temperatures point to higher demand. This could curb storage injections, which have been larger than normal since the end of winter.

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May 14th, 2019

Market Summary for the Week of May 6 - May 10, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 0.5% last week. Setbacks in US-China trade negotiations pressured prices while falling US stockpiles pushed concerns of tighter supply. Natural gas prices rose for the third week in a row as mixed weather could boost demand in the coming days. Storage builds remain strong thanks to high production and the inventory deficit has narrowed to 16% below the 5-year average.

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May 7th, 2019

Market Summary for the Week of April 29 - May 3, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 2% last week, as strong supply numbers from the largest producers overtook expiring Iran sanctions waivers and positive economic indicators. US stockpiles sit at the highest levels since September 2017. Natural gas prices rose and fell last week but remain near the 3-year lows set in late April. Mild demand and high production have contributed to recordsetting injections that could help inventories refill before next winter.

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April 30th, 2019

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

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 1% last week as claims of US-OPEC cooperation and rising US stocks offset the news of the end of sanctions waivers on Iranian crude. In contrast, natural gas prices are up 1% week over week but remain near historic lows as a slowdown in LNG exports, weak demand and high production lead to larger than normal storage injections. National stocks are now only 21.6% below the five-year average.

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