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November 19th, 2012

Market Summary Released for November 19, 2012

by Tobias Grindal, Energy Analyst

Synopsis of Last Week's Energy Markets

Crude oil futures ended the week up slightly as increased violence between Israel and Hamas raised concern that discord in the Middle East will affect global oil supplies. Tempering this uptick in tension, negative economic numbers suggested that the global economy might be slowing down. Prompt-month natural gas rose 8.2 percent last week to settle at its highest level in more than a year amid forecasts for colder-than-normal weather through the end of November and the earliest net withdrawal from inventories for a heating season in five years.

Click here for this week's complete Market Summary: November 19, 2012

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