Tuesday 12 September 2017
The UK NBP gas market experienced some welcome relief on Tuesday as a recovery in the value of sterling versus
the euro saw contracts shed some premium. While the front month shed 0.59p the front quarter was down by 0.64p at 48.97p per therm. The prompt gas market moved in the opposite direction as forecasts suggested higher demand on cooler weather. Crude oil markets were steady early on but news from OPEC that August production had declined caused prices to move higher.