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OilPrice.com reports that US and European natural gas prices remain near decade lows due to shale oversupply and weak demand. Gazprom halted flows through the Yamal-Europe pipeline, yet prices barely reacted, and Brent briefly touched $40 per barrel.
Continued gas oversupply keeps energy-linked input costs for fertilizer and ethanol subdued, which is supportive for feed margins. Brent near $40 shows that crude has not fully recovered, limiting upside for energy-linked costs.
oilprice.comAlex KimaniJun 4, 2020Not enough comparable past events yet for a historical read.
Not 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.
