Gas prices moved down during Tuesday’s session with direction coming from a drop in coal, power and carbon markets. There is a cold weather outlook as we head towards the weekend but this has been offset by an expected rise in wind generation.
Changes along the gas curve were minimal yesterday despite a drop in coal and carbon, with oil the only market to strengthen. A colder weather outlook offered support to the near-curve but any gains were offset by healthy supply levels.
Gas contracts shed from their price yesterday with the prompt taking direction from lower demand and healthy supply. Meanwhile, prices further along the curve were pressured down by a falling oil market.
Gas prices moved down at the end of last week, with the exception of the prompt which found support from a tighter system and increased power demand. The rest of the curve was pressured down by a drop in oil and carbon, while coal was unchanged.
Gas prices traded down during Thursday’s session despite a rise in oil prices. Coal and carbon markets moved down, creating mixed sentiment, while a healthy supply outlook helped to weigh on the near-curve.