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Oversupply in UK

Close price: Healthy LNG supply weighed down near term prices prices yesterday, but we did see longer dated prices push higher amid concerns how Europe will wean itself off Russian gas. Overall the market was up.

Opening price: Warmer temperatures have led to softening demand today, and the UK is oversupplied as a result. Warm weather over the weekend and into the next working week is expected. Prices near term are coming down.   Oil is rallying In price today, so to is carbon, which is up over 3%, reducing losses on longer dated contracts.