Oil Prices Range Bound As Pipelines Come Under Pressure

US oil and gas pipelines have hit yet another snag, leaving crude prices in limbo for the time being.  Chart of the Week-    Exports of natural gas from the U.S. to Mexico account for 40 percent of total U.S. gas exports. -    A recent pipeline came online in Mexico, connecting Guadalajara to a long-distance pipeline system running from the U.S. border deep into Southern Mexico. -    Exports were expected to grow substantially this year, but the pandemic has lowered those forecasts. Market…