# European Gas Jumps on Uncertainty Over Temporary Price Cap

> 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.

- Date: 2022-11-08 · published 2022-11-08T12:00:00.000Z
- Category: policy · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/7575-european-gas-jumps-on-uncertainty-over-temporary-price-cap
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-02-01 | [OPEC+ keeps output steady amid uncertainty on China and Russia](https://feedsoft.ai/events/37228-opec-keeps-output-steady-amid-uncertainty-on-china-and-russia.md) | -2.2% | -1.7% |
| WTI | 2016-11-22 | [Oil prices ease off three-week high on worries over OPEC output cut](https://feedsoft.ai/events/74007-oil-prices-ease-off-three-week-high-on-worries-over-opec-output-cut.md) | -4.7% | +10.0% |
| WTI | 2022-12-04 | [OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times](https://feedsoft.ai/events/38142-opec-keeps-oil-supply-cuts-amid-uncertainty-of-russian-sanctions-los-angeles.md) | -11.1% | -3.8% |
| WTI | 2019-11-04 | [The Dilemma Continues: OPEC choices amid high uncertainty - Oxford Institute for Energy Studies](https://feedsoft.ai/events/55955-the-dilemma-continues-opec-choices-amid-high-uncertainty-oxford-institute-for.md) | +1.8% | -0.2% |
| WTI | 2019-06-20 | [Gulf OPEC Producers to Keep July Production Within Current Deal   \| OilPrice.com](https://feedsoft.ai/events/58531-gulf-opec-producers-to-keep-july-production-within-current-deal-oilprice-com.md) | +10.2% | +2.6% |

## Sources

- energyconnects.com: https://www.energyconnects.com/news/utilities/2022/november/european-gas-jumps-on-uncertainty-over-temporary-price-cap/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.