Prices maintain their stable trend
European gas prices weakened on Friday, maintaining their stable trend, and seemingly insensitive to the strong drop in pipeline supply. Indeed, Norwegian flows dropped significantly,…
Join EnergyScan
Get more analysis and data with our Premium subscription
Ask for a free trial here
Last week’s crude oil price decline was likely caused by a broad selloff in Brent and WTI futures, as total open interest declined significantly. Looking at ICE Brent futures positioning, every category (managed- money, merchant players, swap dealers) reduced their exposure, as volatility was expected to rise, amid an uncertain OPEC+ production policy.