Apollo Energy publishes a daily energy market analysis, focusing on the gas, power and oil markets including a commentary on how the markets close and open. Our analysis provides insight on how the markets are performing and also considers various factors which could dictate price changes in the future.
The analysis also contains a graph which tracks the one-year forward price of both gas and electricity as well as changes to Brent crude oil.
Gas prices traded down during Thursday’s session despite a rise in oil prices. Coal and carbon markets moved down, creating mixed sentiment, while a healthy supply outlook helped to weigh on the near-curve.
Gas prices were up & down during Wednesday’s session but ended the day at a discount with Brexit developments weighing on UK markets. Meanwhile, coal and oil markets offered little direction due to mixed changes.
A stronger Pound resulted in increased trading in the UK, leading to some losses across the near gas curve. Weaker coal and oil markets also weighed on prices further out, although a rise in carbon offered some resistance.
Gas prices eased down during Monday’s session, cancelling out gains recorded on Friday. Commodity markets moved down with the exception of coal which helped to weigh on prices across the curve, with a healthy supply outlook also a factor.
Advancements in terms of Brexit offered support to the UK gas curve on Friday, however, this also led to a rise in the Pound against the Euro, restricting some of the upward movement. Additional support was provided by a rise in coal and carbon.