Market Insights

October 20, 2015 • Posted in Market Insights

Week of October 19

  • Crude prices fell this week on higher inventories and lower refinery run rates
  • Brent crude fell below $49 a barrel and WTI fell to $46 per barrel as the EIA reported a massive build of nearly 7.6 million barrels in crude inventories
  • Refinery operating rates fell to 86% despite relatively high refining margins as the fall maintenance turnaround season continues for the refining industry
  • Natural gas prices also fell, with prices currently at $2.46 per MMBtu NYMEX
  • The EIA reported a build of 100 billion cubic feet (Bcf) in natural gas inventories for the week ending October 9
  • Natural gas prices are forecast to remain low until next month when winter heating demand begins pulling down inventories

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