Prices rise amid geopolitical concerns, cooler weather forecasts

was up 1.23 euro at 38.26 euros ($42.74) per
megawatt hour (MWh), or 12.54 $/mmBtu, by 0906 GMT, according to 
LSEG data. 
In the British market, the front-month contract 
was up 3.38 pence at 92.10 pence per therm. 
The market continues to closely monitor Gaza peace talks 
and the Ukraine-Russian conflict. 
"Escalations continued to rumble both in the Middle East and on the Ukraine-Russia border in recent days, which will continue 
to inject some nervousness into the energy markets," consultancy 
Auxilione said in a morning note. 
The near-term risk of a broader war in the Middle East has eased somewhat after Israel and Lebanon's Hezbollah exchanged 
fire without further escalation but Iran still poses a 
significant danger as it weighs a strike on Israel, America's 
top general said on Monday. 
Russia launched several waves of missile and drone attacks targeting scores of Ukrainian regions and killing at least four 
people, Ukraine's military said early on Tuesday, a day after 
Moscow's biggest air attack of the war on its neighbour. 
Temperatures will dip below normal in the UK and northwest Europe, over the coming days and into next week, LSEG data 
showed. 
European gas storage levels have reached 91.60% of capacity, having hit a Nov. 1 target two months early, Gas Infrastructure 
Europe data showed.
"Torn between the comfortable stock levels and the risks weighing on supply, the market could consider that a 
stabilization around this level seems fair for the moment," 
analysts at Engie's EnergyScan said in a daily note. 
Russian gas producer Gazprom           said it would send 
42.4 million cubic metres (mcm) of gas to Europe via Ukraine on 
Tuesday, compared to 42.1 mcm on Monday. 
In the European carbon market, the benchmark contract rose 0.97 euro to 71.46 euros per metric ton.