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April 23rd, 2019

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

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose minimally last week, as bullish domestic and bearish international developments were not substantial enough to upset the holding pattern on a number of issues. Early developments this week affect that stability in the near-future. Natural gas prices plummeted last week as waning demand and a large storage injection signaled that inventories could refill between now and November. Front-month futures reached 3-year lows, falling 6% week-over-week.

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April 16th, 2019

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

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose 1% last week, marking six weeks of gains, as supply disruptions abroad and rising equities countered swelling domestic crude supplies. Near-term natural gas prices traded in a tight range for a second week between forecasts for midwestern cold and record-high domestic production. Inventories remain 30% below the 5-year average.

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April 9th, 2019

Market Summary for the Week of April 1 - April 5, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose 5% last week, hitting the highest levels since November, on economic optimism and the potential for additional supply shortages. Natural gas prices saw little week-over-week change. A strong start to the injection season weighed on prices early in the week, but forecasts for a late-spring demand bump helped prices recover on Friday.

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April 2nd, 2019

Market Summary for the Week of March 25 - March 29, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose 2% last week, with WTI settling over $60 per barrel for first time since November. OPEC cuts and falling domestic rig counts signaled tightening supplies. Natural gas prices declined 3% last week after what is expected to be the last withdrawal of this winter. Rising temperatures and sustained production growth could chip away at the 550-Bcf storage deficit.

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March 26th, 2019

Market Summary for the Week of March 18 - March 22, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose less than 1% last week. End-of-week concerns for slowing economic growth tempered bullish news regarding OPEC's production cuts and tightening US supplies. Natural gas prices slumped 2% last week amid mild weather and waning demand. Inventories remain far below typical levels, but strong production continues to weigh on pricing.

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