Gas prices continued to ease down during Thursday’s session, helped by a weaker demand outlook and a lack of positive indicators on global markets. Coal, carbon and oil prices all traded lower and applied additional bearish pressure to the back of the curve.
Gas markets showed little movement in either direction yesterday, with only minor changes displayed at the front of the curve. A rise in demand offered some support to the prompt, while commodity markets were largely stable.
Gas prices moved slightly lower by the end of Tuesday’s session with little change in terms of fundamentals to influence the market. A stronger Pound helped towards some of the losses, although expectations of higher demand over the coming days offset some of the downward movement.
The gas curve saw a brief return to normality yesterday with no extreme fluctuations, as movement was largely driven by supply fundamentals, rather than the current economical climate. Meanwhile, a drop in coal, carbon and power helped towards some losses in an overall bearish session.
Gas prices decreased during Friday’s session, rounding off an overall bearish week on energy markets. Precautions taken to stop the spread of the Coronavirus impacted economies across the world, although the Pound strengthened slightly, lowering import costs from Europe.