Kore Energy

Gas Market: Having dipped to fresh eight-week lows near UK natural gas futures recovered an average of 3.3% yesterday after reports of a mine striking a tanker in the Strait of Hormuz Gas Market: December settled at 224.92p up 6.52p yesterday while the Summer-27 contract added 6.50p to close at 160.83p Gas Market: European gas in storage is at 73.8% compared to 83.0% of capacity at this time last year Power Market: Geopolitical tensions increased energy prices yesterday and near months for GB baseload were an average of 2.0% higher at the close Power Market: Forecasts for lower wind generation added to gains for the prompt as baseload for the Day ahead increased by £17.14/MWh Oil Market: Crude oil prices recovered some of the previous sessions losses yesterday following reports of attacks on tankers Oil Market: Brent for January delivery settled at $98.29 adding $3.67 a barrel while West Texas Intermediate gained $2.40 to close at $90.52 a barrel