The oil markets have been enjoying a period of sustained rally, thanks to a stream of positive factors including somewhat successful compliance to agreed production cuts , a partial rebound in oil demand as well as growing optimism about a possible extension to the OPEC+ cuts . Brent prices briefly touched $40/barrel on Monday, a level they last touched several months ago with WTI looking to also breach the psychological level if OPEC+ signs off on extensions when it reconvenes on June 10 . The same, however, can hardly be said about the natural gas situation. Natural gas prices are still flirting with decade-lows courtesy of a stubborn supply overhang thanks to a deluge from shale fields and weak demand due to unfavorable weather. In fact, the supply glut has become so bad that even a leading producer turning off the taps has done little to boost prices. Natural […]