Wednesday 18 September 2019
Some stability has returned to the crude oil market this morning following the strong gains from Monday and the sell off yesterday. Crude oil remains under pressure however and in early
trading this morning the Brent crude contract is lower by 52 cents at $64.03 a barrel. On the NBP gas curve contracts have opened weak and premium continues to be shed. At the front of the curve the October gas contract had added a further 2.00p loss and is priced at 33.10p per therm. Across the rest of the curve prices are down between 1.50p and 0.85p. Gas prompt prices are also lower as the supply/demand balance remains favourable.