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European gas futures settled 4.9% lower at 94.01 euros per megawatt-hour as traders focused on continued supply despite a drop in Russian pipeline shipments. The article is subscriber-only and only partly visible.
Markets are looking past a decline in Russian flows, which limits upside in gas prices. Gas costs are a key input for European nitrogen fertilizer and feed processing.
bloomberg.comAnna ShiryaevskayaMay 11, 2022After 15 past bearish geopolitics events, Natural Gas moved a median -1.1% over 5 sessions (40% higher; middle half -9.2% to +2.4%), and +4.7% 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.
