6th June 2022 | Market Analysis

Close price: Prices moved down on Wednesday before the Jubilee weekend, with GazProm announcing it was not anticipating any new supply cuts to nations. Signals that the EU are on track to hit 80% storage levels added to the bearish momentum. The EU now sits at 47% full, progressing at a steady rate.

Opening price: Prices are slightly down. Stronger demand and a rising oil market have halted recent downward pressure to keep prices settled.