European gas curve prices showed significant gains on maturities beyond WIN22 on Friday, still supported by political statements from the US over a blocking of the Nord Stream 2 pipeline in case of a Russian invasion of Ukraine and rising Brent and coal ARA prices. Overall, TTF ICE SUM 23 prices gained 9 euros week-on-week,…
Brent crude oil hit $91.7/b on Friday. It is only slightly lower this morning. Russia continues to mass troops on the Ukrainian border as the US prepares to vote on deterrent sanctions against the country and its wealthy citizens. A new missile from the Yemeni Houthi rebels was also fired against the United Arab Emirates…
The US equity markets ended the week with a bang, with the Nasdaq up 3.1%. Long-term rates are slowly rising (10-year US at 1.79%) and the USD is giving up some ground at 1.1170 against the euro. All this seems to confirm a decline in risk aversion. However, the Atlanta Fed President confirmed that a…
The power spot prices surged near 300€/MWh in northwestern Europe yesterday, lifted by forecasts of a wind surge combined with a strong demand and higher gas prices. The day-ahead prices averaged 290.13€/MWh in Germany, France, Belgium and the Netherlands, +45.15€/MWh day-on-day and +54.04€/MWh from the previous week. The EUAs started the week on a bullish…
The price of Brent crude oil more or less followed the trend of the equity markets yesterday: initially swept along with all risky assets by a strong sell-off, it fell from nearly $89/b to $85/b before regaining about half of the lost ground, around $87/b. But it cannot be said that rising geopolitical risks in the…
