27
Jul
2020

Pricewatch | 27 Jul 2020 | Gas Matters Today

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Crude oil prices steadied up on Friday, as Brent and US benchmark WTI registered marginal gains after two consecutive loss-making sessions to close the week at USD 43.34/barrel and USD 41.29/barrel, respectively.

US natural gas benchmark Henry Hub made further gains on Friday, with the front-month contract gaining 1.3% to USD 1.81/MMBtu. European hubs diverged, with UK NBP losing 0.8% and Dutch TTF gaining 0.7%. CME’s JKM futures rose 1% to USD 2.60/MMBtu, its highest price point since 17 April 2020.

The European carbon price fell notably in the session, as the month-ahead futures contract for ETS carbon allowances (EUAs) lost 3.5% to close at EUR 26.29/tonne.

Front-month futures and indexes at last close with day-on-day changes (click to enlarge):

Time references based on London GMT. Brent, WTI, NBP, TTF and EU CO2 data from ICE. Henry Hub, JKM and API2 data from CME. Prices in USD/MMBtu based on exchange rates at last market close. All monetary values rounded to nearest whole cent/penny. Text and graphic copyright © Gas Strategies, all rights reserved.

Contact the editor:

Sebastian Kennedy
[email protected]

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