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September 3rd, 2013

Market Summary for the Week of August 26 - 30, 2013

by Michelle Tham, Director of Analytics

Synopsis of Last Week's Energy Markets

WTI and Brent both advanced last week as mounting evidence pointed toward the use of chemical weapons by Syrian President Bashar al-Assad, prompting Western nations to debate a joint military strike. On the bearish side, the Federal Reserve may wind down its bond purchasing program, which is expected to decrease demand for crude products. Natural gas rallied last week as forecasts called for above-normal cooling demand in early September. However, moderating shoulder-season temperatures will mean increased injections into storage come mid-September.

To view the complete Market Summary, click here

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