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July 30th, 2019

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

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil prices rose 1% last week as further tensions in the Middle East and hope for progress in upcoming US-China trade talks offset global economic concerns. US crude inventory data showed the effect of Hurricane Barry, extending the longest run of inventory declines in 2 years. Natural gas prices fell 3% last week as traders looked past a small storage build to milder weather and larger gains that are expected to help storage facilities refill rapidly before the start of winter.

To view the complete Market Summary, click here.

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