Prices of heavy NGL rebounded strongly last week with Mont Belvieu, Texas, margins improving significantly. But as market fundamentals grapple with geopolitical turmoil, commodities have little room in which to move.

The ramping up of tensions in the Persian Gulf between the U.S. and Iran should have propelled the price of crude skyward but they are overshadowed by the upcoming G-20 talks in Osaka, Japan. Specifically, the scheduled chat this weekend between President Donald Trump and Chinese President Xi Jinping.

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