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 increased towards the end of Thursday’s session, with the November contract displaying the most significant gains. A rebound in commodities and a tighter demand outlook for today offered support to the curve.
Gas prices were pushed lower by a strong rise in the Pound against the Euro yesterday, with Brexit negotiations set to recommence. The supply/ demand picture is set to remain healthy today which helped the prompt record a loss.
Gas prices found some support yesterday from a longer-term view in regard to supply/ demand but an oversupplied system helped to weigh on the prompt. Further out, commodities offered little in the way of direction and any movement was minimal.