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November 12th, 2019

Market Summary for the Week of November 4 - November 8, 2019

by Kelsey Berger, Associate Manager of Analytics

Synopsis of Last Week's Energy Markets

Friday prices ($57.24/BBL) were up 1.9% from the prior week ($56.54/BBL), establishing a new one month high. This comes as OPEC producers, meeting next month, are expected to maintain existing production cuts. Natural gas prices were up and down last week, settling at $2.791/MMBtu on Friday, as weather forecasts fluctuated between cold and colder. Storage inventories remained above the 5-year average, though the gap narrowed to a 0.8% variance.

To view the complete Market Summary, click here.

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