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Growing talk of EU placing Russian oil embargo

Close price: Prices were fairly volatile intraday on the gas market, but ended the day 6% down, with power around half that at 3%. A lack of buying demand in Asia is helping more LNG supply flow into Europe, helping the supply picture.

Opening price: There is low liquidity in the market this morning, and prices have not changed much as a result. Some EU nations are beginning to firmly push for an embargo on Russian oil, answering the U.S requests. This has pushed oil above $115, but currently not shifted UK gas or power prices.