Energy Insight 2018 - Week 3

Your regular snapshot of the wholesale energy markets

On Monday, contracts traded firmer, bringing a halt to the trend of losses since Christmas. Prices were supported by a revision in demand forecasts, as consumption was set to exceed forecasts by 20mcm and eventually reached is highest level so far the winter. On Tuesday, it was a similar story as demand continued to increase. Gains on the prompt filtered through to the near curve, which also reacted bullishly to the Brent Crude oil benchmark, which reached its highest level since May 2015.

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