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Last week saw carbon hit lofty new heights with seasonal gas and power contracts posting strong gains however front month contracts struggled more so.
Last week saw gas prices push higher overall, with days of strength in the middle of the week helping contracts to post gains, although capped either side by losses with ensured price increases kept in check.
Last week saw a bullish start to the week with losses later in the week not enough to stave off weekly gains with front month, Summer 22 and Winter 22 gaining 25.46p/therm, 4.54p/therm, and 4.60p/therm.
Last week saw mixed performance across the energy complex.
Last week saw gas markets initially move lower as the news broke over the weekend prior that Putin had ordered Gazprom to flow gas to Gazprom-owned storage facilities in Europe once domestic storage was full.
Last week saw gas markets drift lower after an explosive start on Monday.