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Two main drivers that pushed NYMEX NG contracts 3 cents lower to settle at $3.24.
Libya reopened their largest oil field which added some skepticism into the markets and short-term pressure but it wasn’t all bad news.
Weather fundamentals are responsible for this one and the May contract expired 10 cents higher to settle at $3.14.
Wednesday’s EIA numbers positively surprised the market with US inventories falling by 3.64 million barrels.
Headline trading in full force over the past 24 hours, as USDCAD remained at the mercy of the Trump Administrations policies.
The four day losing streak continues with NYMEX NG futures falling 2 cents lower to settle at $3.04.
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