Gas prices showed little movement during Thursday’s session with the exception of longer dated contracts which found support from a rise in oil and coal. A stronger Pound helped to cap upward movement on the rest of the curve, while supply fundamentals were unchanged.
Gas prices moved higher during Wednesday’s session, supported by increases on the broader energy market. The larger gains were displayed by longer dated contracts, although a healthy/ supply demand outlook also weighed on prompt prices.
Gas prices displayed minimal movement during Tuesday’s session, with only the Day-Ahead contract showing a significant change; moving down on the back of a milder weather outlook for today. Meanwhile, most commodity markets displayed a small rebound, providing some support along the curve.
Gas prices decreased on Monday, pressured down by falling coal and oil markets. Healthy renewable power reduced gas demand, further contributing to losses at the front of the curve, while milder weather was forecast for later in the week.
Gas prices displayed mixed movement on Friday, with losses at the front of the curve and some support further out. Strong wind levels were expected over the weekend which helped to weigh on the prompt as less gas-fired power would be required.