Friday 26 June 2020
The UK gas system ran in surplus for most of the trading day on Friday but a late dip in Langeled deliveries left the system with a
6MCM deficit at close of business. Following 2 days of easing, gas futures prices firmed slightly on Friday but all remained lower week-on-week. Prompt gas prices recorded losses of over a penny for a second consecutive day as the supply deficit only became evident at close of business. Within day and day ahead prices were down by 1.15p and 1.30p. On the oil markets, WTI shed 23 cents to settle at $38.47, while Brent crude was down by 3 cents to settle at $41.02, or $1.17 lower week-on- week.