Market Update 9th January 2023
News: 09 January 2023
2023 is different. Brent crude oil was $120/bbl, it is now around $80. European natural gas was €340/mwh, it is now €70. Sterling was less than US$1.10, this morning it is over $1.20. Those tailwinds, unlike the stream of Atlantic depressions coming over Cornwall, look to have run out of puff.