08
Jul
2020

Pricewatch | 8 Jul 2020 | Gas Matters Today

Markets, International

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US gas benchmark Henry Hub made further gains on Tuesday, with the front-month contract rising 2.5% to USD 1.88/MMBtu. This shaved another 20% off the spread to continental European gas hub TTF, which rose 0.5% in the session to the equivalent of USD 2.03/MMBtu. UK NBP gained 2% to USD 1.95/MMBtu, matching the gains on Henry Hub and leaving the UK-US spread virtually unchanged. CME’s JKM futures were unchanged at USD 2.20/MMBtu.

Crude oil prices were virtually unchanged on Tuesday, as global benchmark Brent and US benchmark WTI closed at USD 43.08/barrel and USD 40.62/barrel, respectively. Brent and WTI were both trading down marginally this morning.

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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