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Market Update

  • Wednesday 21 August 2019:Crude oil prices trended upwards again yesterday with Brent crude trading around $60.00 a barrel and settling just above that trigger price

  • Wednesday 21 August 2019:The U.S. benchmark, West Texas, also gained marginally to settle at $56.34 to leave the differential between the 2 major benchmarks at its lowest since July 2018

  • Wednesday 21 August 2019:An early surplus was eroded over the course of the day, leaving the UK gas system 4MCM short at close of business as demand remained above 150MCM

  • Wednesday 21 August 2019:Prompt gas prices, which opened higher, recorded strong gains with the spot price up by 1.55p and day ahead up by 0.90p

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