4 May 2024
Pricewatch | 13 Aug 2020 | Gas Matters Today
Publication date: 13 August 2020
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Crude oil prices rebounded yesterday on more data showing a higher than expected drawdown in US oil stocks. Brent rose 2.1% to USD 45.43/barrel and WTI gained 2.5% to settle at USD 42.67/barrel, more than compensating for Tuesday’s losses.
European gas hubs fell further off last week’s highs. UK NBP fell 2% to USD 2.63/MMBtu and Dutch TTF fell 3.3% to USD 2.49MMBtu, while Henry Hub fell 0.9% to close at USD 2.15/MMBtu. CME’s JKM futures registered only marginal gains.
The European carbon price lost more ground, as the month-ahead futures contract for ETS carbon allowances (EUAs) fell 0.8% to close at EUR 25.92/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.