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Hormuz Reopening Sends European Natgas Prices Down

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Oil Natural Gas
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European natural gas prices ended the week lower as the energy market reacted to reports that plans to reopen the Strait of Hormuz were underway.

The news offset the strain on supplies caused by a heatwave in Europe, which had been driving up demand for natural gas.

European natural gas prices followed crude oil prices downward after the news broke.

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