4 May 2024
Pricewatch | 17 Jun 2020 | Gas Matters Today
Publication date: 17 June 2020
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Crude oil prices accelerated their upward trajectory on Tuesday, as front-month Brent and WTI gained more than 3% to close at USD 40.96/barrel and USD 38.38/barrel, respectively, buoyed by stock market gains and an uplift in the International Energy Agency’s 2020 demand forecast.
European gas hubs reversed recent gains, with UK NBP falling 7.9% and Dutch TTF losing 4.6% in yesterday’s session to close at the equivalent of USD 1.66/MMBtu and USD 1.74/MMBtu, respectively. These losses outpaced a 3.3% fall in Henry Hub, which closed the session at USD 1.61/MMBtu. CME’s JKM futures were unchanged at USD 2.06/MMBtu.
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.