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European gas futures fell as much as 9% to below €100/MWh, the first time in over a month, as near-record LNG imports and storage about 83% full eased supply concerns. Mild weather and seasonal lower industrial demand over Christmas added to the bearish pressure.
Lower European gas prices reduce energy and nitrogen fertilizer costs in Europe, though a planned EU price cap could affect future LNG flows.
ajot.comBloombergDec 21, 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.
