---
title: TB Daily market report Tuesday 05 Aug
description: Daily market news
---

[Market News ](https://risk-nav.marketingpod.dev/market-news)

# [TB Daily market report Tuesday 05 Aug](https://risk-nav.marketingpod.dev/market-news/daily-market-report-tuesday-05-aug)

 Written by [Optimisation Desk](https://risk-nav.marketingpod.dev/market-news/author/optimisation-desk) | Aug 6, 2025 3:40:14 PM

Milder weather and ceasefire talks weigh on prices.

 

**Gas and Power**

 

- Markets pushed heavily lower last week after an extended bullish run, as warmer weather forecasts and improved wind outlooks were factored in.
- Ceasefire talks around the Russia-Ukraine conflict facilitated by the US President added to bearish sentiment, with some market participants anticipating a potential return of Russian supply, together with as yet unclear decisions being made around German storage subsidies.
- Markets pushed heavily lower last week after an extended bullish run, as warmer weather forecasts and improved wind outlooks were factored in.
- Ceasefire talks around the Russia-Ukraine conflict facilitated by the US President added to bearish sentiment, with some market participants anticipating a potential return of Russian supply, together with as yet unclear decisions being made around German storage subsidies

**Adjacent Markets**

 

Oil prices closed lower on Friday, retracing gains seen earlier in the week on hopes of a Russia-Ukraine peace deal. However, losses were limited by ongoing fears of a trade war despite delays to US tariffs. The US dollar fell, while the bond market gained following the release of weak US retail sales data on Friday.

 

 

| **NBP (p/therm)** |   | **UK Base (£/MWh)** |   |   |   |  |
| --- | --- | --- | --- | --- | --- | --- |
|   | **Close** | **Day on Day** | **Close** | **Day on Day** |   |   |
| **Mar-25** | 122.38 | -1.92 | 101.38 | -1.40 |   |   |
| **Apr-25** | 122.36 | -1.61 | 98.75 | -1.50 |   |   |
| **May-25** | 121.77 | -1.42 | 92.50 | -1.80 |   |   |
| **Q2-25** | 121.99 | -1.37 | 94.88 | -0.75 |   |   |
| **Q3-25** | 121.11 | -1.13 | 95.38 | -0.38 |   |   |
| **Q4-25** | 122.56 | -2.08 | 103.75 | -1.00 |   |   |
| **Sum-25** | 121.55 | -1.25 | 95.58 | 0.20 |   |   |
| **Win-25** | 122.19 | -2.07 | 102.13 | -1.38 |   |   |
| **Sum-26** | 92.64 | -1.83 | 74.50 | 0.25 |  |  |

 

 

[View full post](https://risk-nav.marketingpod.dev/market-news/daily-market-report-tuesday-05-aug)

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