Supply disruptions in Asia and Europe helped to lift natural gas prices on Monday in a break from the steady declines that have characterized the market in recent weeks amid increasing trade tensions.
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President Trump’s onslaught of tariffs have spooked financial markets and weighed on commodity prices. But temporary exemptions from U.S. tariffs on smartphones and computers offered a reprieve as the financial markets rallied Monday. Meanwhile, problems at the Aasta Hansteen and Dvalin fields offshore Norway, along with issues at LNG terminals serving Asia, helped lift prices.
The prompt Title Transfer Facility (TTF) contract, which has fallen for three weeks in a row, gained 3% to finish at $11.45/MMBtu on Monday.