Market Insights

October 28, 2015 • Posted in Market Insights

Week of October 26, 2015

  • Crude prices declined at the end of last week
  • The EIA reported a build of over 8 mm. bbl. in crude stocks but also a reported a draw of over 1.5 million barrels of gasoline stocks last week, which offset the build in crude
  • Natural gas prices fell this week, dropping to $2.38 per MMBtu NYMEX as inventories rose by 81 Bcf for the week ending 16 October
  • Gas prices are expected to remain weak for the next few weeks as inventories continue to build on the back of weak demand and forecasts of a relatively warm winter

 

WTI Crude Oil & Brent Crude Oil 10262015

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