Oil Price Analysis: Short-term downtrend unfolds within falling channel

WTI Oil price (OIL) has been trending lower in a channel since the beginning of April.
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Natural Gas bounces higher despite Norwegian exports back to full volumes

Natural Gas price (XNG/USD) trades marginally higher above $2.85 on Friday, extending this week’s positive move, with markets ignoring that the Norwegian Gas is flowing again in full volume towards Europe and the UK.
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