Since the May update from Mercatus Energy, the one year forward curves for crude oil and refined products are once again mixed with LLS and WTI crude oil leading the way higher, up 2.55% and 2.48%, respectively, and NWE jet fuel leading the way lower, down 0.84%. After widening between April and May, the Brent-WTI one year forward spread has declined by $1.84/BBL to $8.24/BBL. On average, crude oil and refined product forward prices have increased by 0.46% since May update. Over the course of the past month, the NYMEX Henry Hub natural gas 12 month forward curve has declined

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