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Prices fell this morning following progress in Russia - 07-10-2021

Yesterday was a frantic day in the markets, with the biggest swings in valuation from opening to close seen. Prices rallied first thing, with November 2021 period topping an unbelievable 400p/therm at one point. Then came the news from Russia later in the day, that they would be ramping up gas exports into Europe, and wholesale markets tumbled.

There is also signs of progress with Nord Stream 2, which began receiving gas for testing, but still faces regulatory obstacles posed by Germany, Today, prices are continuing to fall in early morning trading on the news from Russia.