|Market Close||Market Close|
|Gas prices displayed mixed movement yesterday as most of the near-curve moved higher, while contracts further out were bearish-to-stable. A healthy supply/ demand picture helped towards a long UK gas system which weighed on prompt contracts, while the far-curve was slightly boosted by a small rebound in Brent.||A temporary drop in temperatures in the UK helped to support power contracts on the near-curve yesterday, as consumption levels increased. Weak wind generation also pushed the Day-Ahead contract higher, with a rise in oil offering some support further along the curve.|
|Market Open||Market Open|
|Gas fundamentals remain healthy this morning as demand levels are expected to fall further over the weekend, while supply levels will remain comfortable; this has helped contracts decrease across the curve. Meanwhile, Brent has posted a small loss which has created further bearish sentiment on the far-curve.||The majority of contracts on the power curve have displayed a loss this morning with direction coming from a weaker gas market and a decrease in oil and coal prices. Milder weather is expected to return to the UK before the weekend which will weigh on consumption, also contributing to the downward trend.|
Brent 1st-nearby prices display a small decrease this morning and remain rather stable since Friday's session, although a rise in output in Iran and pessimism regarding Libya agreeing to a 'freeze deal' has provided bearish pressure.
1-year forward prices
We were unable to update today's prices due to a technical error, sorry for the inconvenience.
|We were unable to update today's price graph due to a technical error, sorry for the inconvenience.|