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EU improves on storage levels

Close price: Prices softened ever so slightly on UK gas prices, while power was flat. EU gas storage levels are up to 44%. Relaxation of lockdown measures in Shanghai helped push oil prices higher.

Opening price: Prices are slightly up in the last two hours. Hungarian officials have noted they would need 3-4 years to move away from Russian oil, and until they receive assistance to make these adjustments they could not back the Russian oil ban.