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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.

To view the complete Market Summary, click here.

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