US and European gas hubs made further gains yesterday, as front-month contracts on Henry Hub, UK NBP and Dutch TTF all rose by around 3-4% to settle at, respectively, USD 1.85/MMBtu, USD 1.78/MMBtu and USD 1.79/MMBtu. CME’s JKM futures fell 1.5% to USD 2.66/MMBtu.
Crude oil prices returned to marginal growth on Wednesday, as Brent and US benchmark WTI gained 1.2% and 0.6% to close at USD 43.75/barrel and USD 41.27/barrel, respectively.
The European carbon price was also in the green yesterday, as the month-ahead futures contract for ETS carbon allowances (EUAs) gained 1.8% to close at EUR 26.13/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.