TREE NEWS reports: ICE UK natural gas futures closed up 3.36% at 216.750 pence per therm in late European trading on Tuesday, October 13, trending higher through the session. TTF benchmark Dutch gas futures gained 3.30% to 87.045 euros per megawatt-hour. ICE EU carbon allowance futures slipped 0.36% to 88.02 euros per tonne.
UK Natural Gas Futures Rise 3.36% in Late European Trading
The move is notable for its breadth: both UK and Dutch benchmarks rose by similar magnitudes, suggesting a regional driver rather than a UK-specific one. The fact that carbon allowances slipped alongside firmer gas is worth noting, since the two often trade in the same direction. Whether the gas rally holds or fades, and whether carbon re-couples with it, is the open question for the next session.
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