Daily market report Monday 8 June

Prices fall modestly on hopes for further peace deal negotiations

Daily market report Monday 8 June
  • Jun 8, 2026 9:18:00 AM
  • 1 minute read

Prices fall modestly on hopes for further peace deal negotiations

 

Gas and power

Prices fell modestly on Friday to cap a week that saw prices rise week on week. Geopolitics remained the biggest weekly driver, with news of the breakdown in US–Iran talks over the weekend and exchanges of military action pushing prices higher at the start of the week. Posts from President Trump towards the end of the week renewed hopes that a deal might be reached soon, although stumbling blocks remained. Fundamental factors remained steady, with light gas consumption and firm renewable generation helping to put downward pressure on short term power prices.

Adjacent markets

Oil prices traded lower on Friday despite continued uncertainty around the status of US–Iran peace negotiations, as Oman confirmed that operations at its Mina al Fahal port were continuing as normal following earlier disruption concerns. Meanwhile, equity markets were mixed as investors digested the latest US jobs data, eurozone GDP figures and UK housing data.

Closing prices

Period NBP (p/therm) Close Day on Day UK Base (£/MWh) Close Day on Day
Jul-26 117.15 -0.90 103.35 0.14
Aug-26 117.31 -0.96 99.75 -0.92
Sep-26 118.56 -0.92 103.00 0.00
Q3-26 117.67 -0.93 101.75 -0.28
Q4-26 121.59 -0.72 105.70 0.67
Q1-27 118.11 -0.29 101.25 -0.38
Win-26 119.86 -0.51 103.50 0.23
Sum-27 85.56 -0.02 77.85 -0.09
Win-27 86.62 0.17 80.25 0.13
Sum-28 65.06 0.09 61.15 0.22
Win-28 72.87 -0.04 69.40 -0.46

 

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