ICE U.K. nat gas May futures settle at 109.69 pence/therm

On April 10, 2026, ICE U.K. natural gas May futures settled at 109.69 pence per therm, reflecting ongoing market dynamics in the European energy sector. The contract, traded under the symbol UKF, is based on the ICE UK Natural Gas Futures contract and is settled financially, with one lot representing 1,000 therms per day per delivery period according to product specifications. The price movement underscores continued volatility in natural gas markets, influenced by seasonal demand, geopolitical factors, and broader energy supply conditions.

The UK NBP Natural Gas Futures market offers up to 36 consecutive monthly contract series, with quarterly, seasonal, and calendar contracts also available as detailed in product documentation. The minimum price fluctuation for the contract is 0.01 pence per therm, with a tick value calculated accordingly according to product specifications. The May contract is set to expire five calendar days before the start of the relevant delivery period, with automatic exercise for in-the-money options and no physical delivery required as specified in product details.

For investors, the settlement price provides a benchmark for hedging and speculative strategies in the U.K. natural gas market, which remains a key component of European energy infrastructure and trading activity.