UK natural gas futures fall 2.95% to 241.400 pence/therm

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.