According to AleaSoft Energy Forecasting, for TTF gas futures in the ICE market for the Front‑Month, on Monday, April 29, they reached their weekly minimum settlement price, €27.99/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was 5.8% lower than the previous Monday and the lowest in the second half of April. In the following two sessions of the first week of May, settlement prices remained below €30/MWh. However, on Thursday, May 2, after a 7.6% rise over the previous session, these futures reached their weekly maximum settlement price, €30.91/MWh. This price was 3.8% higher than the previous Thursday. In the last session of the first week of May, the settlement price was €30.53/MW.
In the first week of May, prospects for an improvement in the Middle East conflict and high European reserves levels exerted their downward influence on TTF gas futures prices. However, forecasts of declines in wind energy production contributed to the recovery in prices at the end of the week, AleaSoft Energy Forecasting reports.
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