LATEST MARKET UPDATE: Gas and Power prices are back up at last weeks highs, reversing the sharp loses we saw towards the end of last week. Ongoing cool weather and a fall in gas production during maintenance season has seen European storage levels fall to their lowest level in over 5 years for the time of year, driving up near term prices. Warmer weather is due from the weekend which should ease the demand side pressure, but storage levels will need to catch up for any lasting downside pressure on prices to persist.
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