Energy markets moved lower today, with the 12-month NYMEX strip down roughly $0.06 USD/MMBtu. Gas weakness was tied to softer shoulder-season fundamentals, with a warmer Canadian forecast, firm storage injections, and residential/commercial demand expected to ease as temperatures moderate. Locally, Dawn still looks soft from a flow perspective: net Ontario imports fell 103 MMcf/d, Total St. Clair printed a new recent low, Vector stayed near the bottom of its range, and NEXUS remained constrained.

WTI was also slightly lower, with the 12-month strip down roughly $0.32 USD/bbl, as some of the recent U.S.–Iran risk premium faded after reports that talks could resume. Hope everyone has a nice weekend. (JM)