Kore Energy

Gas Market: An intensifying geopolitical outlook in the Middle East drove UK wholesale gas prices higher on Friday Gas Market: A surge in attacks on vessels transiting the Strait of Hormuz while Iran vowed to step up strikes drove the front month contract up by 2.75p day-on-day and 6.8% week-on-week Gas Market: A significant increase in demand levels driven by cooler temperatures and low winds supported the prompt market, with Day ahead gaining 4.00p by the close Power Market: Modest gains exhibited by the UK gas market drove GB baseload contracts higher on Friday Power Market: The prompt market meanwhile showed minor losses following an upward revision to wind levels Oil Market: Crude oil prices rose on Friday as escalating tensions in the Middle East drove up concerns over potential supply disruptions Oil Market: After trading as low as $104.91 a barrel earlier in the session, the front month Brent contract went on to settle at $109.86, its highest close since mid-May