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Vayu Energy's October report says wholesale gas prices normalised after a September trough caused by supply overhang, rising about 30% month on month. Prices were still down 14% year on year, and analysts expect the oil rally and weaker sterling to continue supporting prices.
Rising wholesale gas and oil prices lift European energy costs, which can support feed and processing margins while signalling firmer energy-linked input costs.
irishtimes.comMonOct 24, 2016After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
