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November 5th, 2019

Market Summary for the Week of October 28 - November 1, 2019

by Kelsey Berger, Associate Manager of Analytics

Synopsis of Last Week's Energy Markets

Prices are down 3.7% from the prior week, ending the month on a modest monthly increase. Factors for the recent decrease include troublesome factory data out of China as well as pessimistic sentiments revolving the U.S. China trade war resolution. Natural gas prices rose 18% to $2.71/MMBtu due to an early November cold snap. Inventories exceeded the 5-year average by 52 Bcf, though production is down slightly from record highs.

To view the complete Market Summary, click here.

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