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Tropical Storm Nicholas, which hit the Texas Gulf Coast this morning with a storm track that takes it through Louisiana, has spooked the oil and gas markets once again, driving up the NYMEX Henry Hub futures price to close yesterday at $5.23--a new modern-era high. The price is even higher in early trading this morning. The storm has also influenced natgas prices across the country, including here in the M-U, to hit new physical spot price highs (excepting the brief insanity during Winter Storm Uri back in February).
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