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Before todays across the board tumble, the markets had been rather stable this week, comparatively speaking, even in the wake of several major relevant news events and economic reports. Let's start it from the top:
NYMEX values appeared to find support just above the 2.90 level on front month HO after a long cold stretch. The Polar Vortex that gripped a large portion of the Country, and plagued us in the Northeast with long terminal lines, appears to be subsiding. Many of us are getting a well deserved breather as we return to somewhat normalcy.