Settlement prices of TTF gas futures in the ICE market for the FrontMonth decreased in most sessions of the second week of February.
As a result, on Friday, February 9, these futures reached their weekly minimum settlement price, €27.12/MWh. This settlement price was 7.5% lower than the previous Friday. Moreover, according to data analyzed at AleaSoft Energy Forecasting, this price was the lowest since the end of July 2023.
Abundant supply, high European reserve levels and forecasts of less cold temperatures had a downward influence on prices of these futures during the second week of February.
