27 April 2024
Pricewatch | 1 Jul 2020 | Gas Matters Today
Publication date: 01 July 2020
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UK and European natural gas hubs continued rising on Tuesday, as front-month NBP rose 1.6% to hit the equivalent of USD 2.01/MMBtu and Dutch TTF gained 5.5% to close at USD 2.03/MMBtu. Month-ahead contracts on both hubs have not settled above USD 2/MMBtu since April. US benchmark Henry Hub also gained 2.5% to close at USD 1.75/MMBtu, while CME’s JKM futures fell 2.3% to USD 2.15/MMBtu.
Crude oil prices fell back on Tuesday, as global benchmark Brent and US benchmark WTI lost 1.3% and 1.1% to close at USD 41.15/barrel and USD 39.27/barrel, respectively. Both benchmarks were trading up by more than 2% on Wednesday 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.