Summary
Propane flat price contracts witnessed significant volatility this fortnight, with the Nov’24 US Mont Belvieu TET (LST) propane contract strengthening from under 75c/gal on 26 Sep to just shy of 84c/gal on 07 Oct. This support likely stemmed from a stronger Brent and WTI futures complex amid the worsening of Israeli-Iranian relations, triggering fears of a regional escalation of the war in Gaza.
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