After the headlines cleared, WTI settled up $0.15 to $98.02 USD/bbl. NYMEX’s 12-month strip slipped $0.02 USD/MMBtu, and Dawn fell $0.03 CAD/GJ. On the flow side, net Canadian exports dropped 571 MMcf/d to 4,959 MMcf/d as Ontario pulled more gas back across the Michigan border. St. Clair imports rebounded from last week’s weak levels, led by gains on Great Lakes Gas Transmission, St. Clair and Vector, though total Ontario import volumes remain well below the late-March high. Overall, the move looked demand-driven rather than supply-driven, with warmer weather and normal shoulder-season weakness pulling Ontario and Midwest gas demand lower. Enjoy the week ahead! (JM)

