Friday 07 June 2019
The oil market rallied on Friday as renewed buying interest prevented the global benchmark price slipping below $60.00 a barrel. The UK gas market took a cue from the oil market to partly
correct the recent price slide and leave futures contracts showing modest gains week-on-week. The bullish sentiment spread to the prompt market also, helped by an early supply deficit. The spot price at the NBP gained 1.10p while the day ahead contract was up by 1.35p and week ahead for this week gained 0.75p.