(19 January) European gas prices fell for a fourth straight day on Monday, amid expectations of milder weather and increasing renewable power generation. Front-month UK NBP and Dutch TTF closed 7.7% and 6% lower respectively. The losses saw NBP return to the USD 7/MMBtu range for the first time since 7 January, with TTF returning to the USD 6/MMBtu range for the first time since the first week of the year.
Surging Covid-19 cases around the globe continued to weigh on crude prices, with front-month Brent and WTI both fall by 0.6% to start the week.
A public holiday in the US on Monday meant that the CME’s month-ahead JKM, Henry Hub and AP12 coal contracts remained unchanged to start the week.
The European carbon price fell for a fourth day, recording a marginal loss of 0.3% on Monday.
Source: Gas Strategies
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