TTF gas futures in the ICE market for the FrontMonth, on Monday, October 30, reached their weekly maximum – €50.55/MWh. For the rest of the week, settlement prices remained below €50/MWh.
On November 1, settlement prices reached their weekly minimum, €47.76/MWh. This price was 4.3% lower than the previous Wednesday.
Higher than usual temperatures for the season and high levels of European gas reserves kept prices below €50/MWh in the first week of November.
Israel resumed its gas exports to Egypt, which also exerted a downward influence on prices.
