24 April 2024
Pricewatch | 9 Jul 2020 | Gas Matters Today
Publication date: 09 July 2020
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Natural gas prices on both sides of the Atlantic fell in tandem yesterday, with front-month contracts on US benchmark Henry Hub, UK NBP and Dutch TTF all declining by around 3%. CME’s JKM futures contract fell by only 0.2%, which had the effect of widening the ‘Asian premium’ for gas over both the US and Europe by around USD 0.05/MMBtu in both cases.
Crude oil prices were virtually unchanged again in yesterday’s session, as global benchmark Brent and US benchmark WTI closed at USD 43.29/barrel and USD 40.90/barrel, respectively. Brent and WTI were both trading down only 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.