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Oil prices jumped 2% to a 13-week high Wednesday on signs of rising demand in the U.S. and China.
In mid-morning trading today, WTI futures were down 0.2% at $121.90/bbl and Brent was flat at $123.60/bbl.
U.S. natural gas prices fell over 6% Wednesday following an explosion at a Texas export facility operated by Freeport LNG, which could force more supplies to be kept domestically. The facility, which provides around 20% of U.S. LNG processing, will be down for three weeks.
In mid-morning trading today, U.S. natural gas futures fell another 5.1% to $8.26/MMBtu.