Kore Energy

Gas Market: After initially moving higher early in the session, UK wholesale gas prices eased as hopes of a diplomatic resolution to the U.S.-Iran conflict rose Gas Market: The front month contract reached an intraday high of 245.75p per therm, before easing lower to settle at 226.17p per therm, a loss of 8.73p day-on-day Gas Market: The prompt also eased, despite reports of unplanned outages impacting Norwegian gas flows and maintenance extensions reducing UKCS imports Power Market: GB baseload power contracts edged lower on Tuesday, driven by losses exhibited by the UK wholesale gas markets Power Market: Lower gas-for-power demand and seasonal normal temperatures weighed on the prompt market Oil Market: Easing concerns over further escalation in the Middle East and renewed hopes for peace weighed on crude oil prices on Tuesday Oil Market: The front month Brent contract came close to breaking below the $100 mark, but ultimately settled at $103.60 a barrel, down $1.17 day-on-day