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July 2nd, 2019

Market Summary for the Week of June 24 - June 28, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose 2% last week, capping a 9% gain over the course of June on tightening US inventories and continued tensions between the US and Iran. Bullish developments over the weekend add to near-term upward price movement. Natural gas prices rose 6% last week, rebounding from 3-year lows as forecasts for higher temperatures and a corresponding increase in electricity demand support the market. LNG exports continue to rise.

To view the complete Market Summary, click here.

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