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July 23rd, 2019

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

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices fell 7.6% last week as concerns of oversupply and weakening global demand more than offset escalating tensions between the U.S. and Iran. Natural gas prices slipped 8% last week as traders looked past the heat wave to more moderate temperatures. Stocks are 5% below normal levels after the EIA reported the first bullish storage injection of the season.

To view the complete Market Summary, click here.

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