15th June 2022 | Market Analysis

Energy Market Analysis - 15-06-2022

Close price: Prices rose at a dramatic pace yesterday when news struck that the outage at the U.S Freeport LNG facility has been extended from 21 days to 90. Gas made gains of over 10% in a day, hitting 2 month highs.

Opening price: The market is digesting the sharp rise of yesterday, with prices holding steady right now. So to is oil after a volatile day of trading, with it seemingly being pulled in both directions from different price drivers.