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Improving weather and increased Norwegian exports into the UK add late pressure to prices

Close price: Prices came under late pressure yesterday, off the back of increased Norwegian exports into the UK and an improving weather outlook. Additional pressure came from softer oil prices, with ongoing strict lockdowns in China lowering demand forecasts.

Opening price: Prices are slightly down. Prices continue to swing as markets weigh up fluctuating Russian exports to Europe, with very strong LNG deliveries into Europe and an improving temperature outlook. Putin’s Rubles payment demand remains a constant worry.