$9-Natural Gas By The End Of The Month? $10 By October? — July 26, 2022

Updates

July 27, 2022: well, that was fast. The market just blew through $9-natural gas. 

Original Post 

The WTI-Brent spread is running $8. 

Last month, Russian crude was selling at a $30 discount. Now? Eight bucks. 

All three data points tell me one thing: oil and natural gas is getting tighter in Europe.

And then this: