
Dutch TTF gas prices recovered during the week to 13 November, moving from about EUR 82/MWh to around EUR 87/MWh. EU gas storage stood near 71.6% of capacity, about 18.5 points below the five-year seasonal average, and Germany was around 58%.
Tight European gas storage raises the cost of nitrogen fertilizer and gas-fired power, which feeds into feed and processing costs. Low storage heading into winter supports energy-linked price strength.
After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.