Near-curve gas prices eased down, while the far-curve moved higher in the morning before gradually erasing the gains as the session progressed. Weakening on fuel markets helped towards the losses, in addition to a healthy/ supply demand picture.
Gas prices increased yesterday afternoon, erasing early morning losses with direction coming from bullish coal, oil and carbon markets. However, upward movement at the front of the curve was capped by a milder weather outlook and comfortable supply.
Gas prices displayed little movement yesterday with only minor changes displayed earlier in the session. Oil prices climbed higher, limiting any losses, while carbon moved in the opposite direction, creating mixed sentiment.
Gas prices decreased yesterday with the stronger losses displayed at the front of the curve. Supply levels were healthy, offsetting a rise in demand, while the short term weather outlook is mild, contributing to the bearish sentiment.