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Reuters reports that gas market chaos has driven European prices up 280% this year and US prices up more than 100%. Causes cited include low storage, carbon prices and reduced Russian supplies.
The price surge threatens to slow the global economy and raise inflation, with knock-on effects on energy and fertiliser costs for feed producers.
reuters.comDhara RanasingheOct 1, 2021After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
