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June 18th, 2019

Market Summary for the Week of June 10 - June 14, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 3% last week, as concerns of falling demand and growing US stockpiles overshadowed escalating conflict in the Middle East. US crude oil inventories are at the highest levels since July 2017. Meanwhile, gas prices rose 2% last week amid forecasts for rising temperatures that could boost cooling demand and gas power burn. This halted the 3-week slide that brought prices to 3-year lows in recent weeks.

To view the complete Market Summary, click here.

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