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European gas prices jumped in volatile trading as the prospect of a strike at an Australian LNG producer raised fears of global supply disruption. TTF rose as much as 9.1% before finishing up 6.5%.
Expected LNG supply losses lift global gas prices, raising energy and nitrogen fertilizer costs for feed producers.
ft.comShotaro Tani in London, Nic Fildes in Sydney, Hudson Lockett in Hong KongAug 21, 2023After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
