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Dutch TTF natural gas futures jumped as much as 7.8% after three sessions of losses, as the European Commission suggested other measures might work better than an EU import price cap. Energy ministers were scheduled to discuss the emergency package on Nov.
24, and EU storage stood at 95.3% full.
Uncertainty over EU price-limiting measures keeps European gas volatile, and with storage nearly full and warm weather delaying withdrawals, the balance is mixed for the coming winter's pricing.
energyconnects.comBloombergNov 8, 2022After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% 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.
