Wednesday 13 March 2019
UK NBP gas prices took a significant step lower yesterday as positive fundamentals combined with strengthening sterling to drive premium out of gas
contracts. The front month shed 1.47p to move to 39.26p while the Calendar 2020 contract slipped below 50.00p per therm. GB power contracts followed suit as a weaker energy complex fed into future contracts. The crude oil market continues to push higher and received a new leg of support from the weekly U.S. inventory figures which reported a 3.9 million decline in crude oil stocks.