TREE NEWS reports: ICE UK natural gas futures closed down 2.95% at 241.400 pence per therm in late European trading on Thursday, October 29, after touching 235.700 pence at 17:27 Beijing time. TTF Dutch benchmark gas rose 0.15% to 98.652 euros per megawatt-hour, having hit 100.938 euros at 08:02 and slipped to 95.601 euros at 17:25. ICE EU carbon allowance futures gained 0.31% to 89.38 euros per tonne.
UK natural gas futures fall 2.95% to 241.400 pence/therm
AI take
The divergence is the story here: UK gas sold off while TTF edged higher and EU carbon allowances firmed, suggesting the UK move reflects local supply or positioning rather than a shared European demand signal. Carbon's modest gain alongside a softer UK curve also complicates the usual fuel-switching narrative. With TTF's intraday range showing a push above 100 euros before fading, whether the Dutch benchmark holds that threshold — and whether UK gas reconnects with the continental trend — is the open question.
Generated by AI for reference only.
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