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Security of supply lifts markets

Close price: Prices closed much higher yesterday. Reduced gas flows from Russia via Velke pipeline added bullish momentum. Yesterday, French regulators indicated that ongoing maintenance at a number of EDF reactors could last a number of years.  

Opening price: Prices are again up, despite some bearish fundamentals regarding warmer weather and good LNG flows. Russian flows appear to be down a further 3% which is putting Europe’s security of supply back on the radar.