UK gas futures fall 2.73% Friday, up 5.86% on week

The split between Friday's pullback and a positive weekly close points to a market that remains bid on the week despite a softer finish, with the Dutch benchmark's steeper daily drop suggesting the continent is pricing differently from the UK. The parallel move in EU carbon allowances is the detail worth noting: carbon and gas softening together on the day implies a broader energy-complex repricing rather than a gas-specific story. Whether that carbon-gas correlation holds into next week is the open question, since it signals whether policy cost or supply is driving the tape.