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TTF on Track for Weekly Net Gain

NATURAL GAS

Front month TTF has recovered earlier losses to trade higher on the day, tracking a weekly net increase, driven by heightened LNG supply risks amid ongoing tensions in the Middle East conflict, while gas demand is expected to ramp up from late next week amid colder weather.

    • TTF MAR 24 up 0.2% at 29.05€/MWh
    • TTF SUM 24 down -0.4% at 29.77€/MWh
  • Wires reporting that according to a 'semi-official Iranian news outlet' an Iranian Revolutionary Guards Corps (IRGC) adviser has been killed in an Israeli airstrike on a target south of the Syrian capital Damascus.
  • CBS News sources reported the US has a series of strikes planned in the coming days in response to the drone attack on a Jordanian outpost that killed three US service personnel over the weekend.
  • Temperatures in most of Europe are expected to remain mild in the coming week although are forecast to fall back to near or slightly below normal during the second week of the outlook.

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