On Monday, November 13, TTF gas futures in the ICE market for the FrontMonth reached the weekly maximum settlement price, €47.87/MWh. This price was 6.8% higher than the previous Monday. However, according to data analyzed at AleaSoft Energy Forecasting, prices started to decline on Tuesday. As a result, on Friday, November 17, they registered the weekly minimum settlement price, €45.06/MWh. This price was 3.4% lower than the previous Friday. For the week as a whole, the average was 0.9% above that of the previous week.
During the third week of November, high European reserve levels and mild temperatures contributed to the decline in these futures prices. However, fears of possible supply disruptions due to instability in the Middle East and lower temperatures might exert an upward influence on prices in the coming days.
