Gains were observed across both the NBP natural gas and UK wholesale power markets throughout last week as strong bullish sentiment filtered through from the front of the market due to the combination of low wind generation, lack of LNG supply and the beginning of Norwegian maintenance. Crude oil and carbon also displayed strength despite a recent surge in cases of the coronavirus, which previously has despressed both markets; with the former gaining beyond the $45/bbl mark as inventories in the USA fell…read more
