Last week saw prices drop significantly due to low demand and an oversupplied system. On Monday, prompt and curve products all shed value, in a correction, following large gains on key products in the previous session. On Tuesday, NBP contracts continued to be pushed down due to an oversupplied system, with currency moves also driving down prices. Halfway through the week we saw slight gains in the NBP Day-ahead contract due to rising demand and lower imports from Norway. However, other prompt contracts and most of the curve moved in the opposite direction due to expectations of rising temperatures and the increasing strength of the GBP.
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