A rainy day in Toronto and a relatively quiet one for natural gas. NYMEX slipped $0.03/MMBtu and Dawn eased roughly $0.01/GJ, while crude pushed higher, with WTI up $2.30 to $98.44 as of 3:00 pm. NEXUS pipeline maintenance remains a key regional watch item heading into April, especially during the April 10-17 outage window, as reduced throughput could tighten Michigan-area supply and pressure Dawn-linked flows; some downstream limits are also expected to linger after flows resume on April 18. More broadly, excess North American gas continues to be pulled into LNG exports, which helps explain why domestic gas has lagged the larger move in global benchmarks. That lag may not last indefinitely, and if export demand begins tightening the balance more materially, gas could still see a sharper upside repricing. (JM)