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‘Trapped’ May Nymex Natural Gas Contract Fails to Budge Again; Cash Closes Week Lower
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European natural gas prices surged on Monday, lifted by a jump in other commodities and ongoing competition for LNG amid a tightening pool of supplies. The prompt Title Transfer Facility (TTF) contract surged by more than 20% to finish at nearly $9/MMBtu. Monday’s sharp spike came after nine straight weeks of losses, when TTF fell…June 5, 2023