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The UK day-ahead wholesale gas price fell more than 20% to 447p per therm on Tuesday, and the month-ahead contract dropped about a quarter to 473p. The European Commission said it was working on an emergency package to intervene in energy markets.
A sharp fall in European gas prices on intervention expectations eases energy and fertilizer cost pressure, though supply risks remain.
theguardian.comAlex LawsonAug 30, 2022After 34 past policy events, Natural Gas moved a median -1.7% over 5 sessions (38% higher; middle half -7.4% to +2.5%), and +2.6% over 20.
After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% 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.
