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Natural Gas Markets: Utilities and Producers continue to lock in profits for the upcoming winter season contract 2022/2023 and switch into the next winter season 2023/2024 since they expect continued short supply over the next 2 years // Oil Markets: ARA trade continues to cover short for the front month GO contract, while the 2nd month has an extreme backwardation….
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Strong short covering ahead of ICE GO expiry today…
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