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Europe's gas futures softened as storage facilities filled, with the November-January calendar spread moving into a contango of 18 euros per MWh. Rationing could still be needed later in winter, but nearby prices are retreating to slow inventory additions.
Full storage and a shift to contango signal lower near-term gas prices and reduced scarcity premium. The outlook still depends on winter demand and possible rationing.
reuters.comJohn KempOct 13, 2022Not enough comparable past events yet for a historical read.
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.
