Oil prices sharply on the rise
The Brent 1st-nearby price jumped higher from below $69/b to above $72/b, while the WTI posted an even-bigger rebound from around $66.5/b to $70.3/b now. Crude…
European gas prices were mixed on Friday. Lower residential gas demand due the sharp rise in temperatures and higher pipeline supply exerted downward pressure on spot prices. Indeed, Norwegian flows rebounded significantly on Friday, averaging 285 mm cm/day, compared to 265 mm cm/day on Thursday, after capacity at the Karsto gas processing plant recovered. As for Russian flows, they remained stable once again, at 332 mm cm/day on average.
By contrast, curve prices were more resilient. Ignoring the drop in parity prices with coal for power generation (both EUA and coal prices were down), they benefited from a technical rebound.
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