Kore Energy

Gas Market: A sharp decline across UK wholesale gas prices on Wednesday was driven by growing expectations that the Strait of Hormuz could soon reopen Gas Market: The front month contract shed 8.74p by the close to settle at 128.04p per therm, its lowest close in over 3 weeks Gas Market: The Day ahead contract shed 6.35p day-on-day, shrugging off support from strong gas for power demand and weak wind generation levels Power Market: Sharp losses exhibited by the UK has market weighed on GB Baseload curve contracts on Wednesday Power Market: Weak wind generation levels drove up the prompt market, with the Day ahead contract increasing by 27.0% to end the session at £108.30/MWh. Oil Market: Crude oil prices were mixed on Wednesday with upside from fresh security concerns mitigated by easing geopolitical sentiment Oil Market: The front month Brent contract for October delivery ended the session at $79.45 a barrel, up just 9 cents day-on-day