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d to around 251 pence per therm as diplomatic efforts in the Middle East reduced fears of escalation. Prices remained near multi-year highs amid winter supply concerns.
The UK will rely more on LNG this winter, so its gas price tracks Gulf disruption closely. Lower prices reduce near-term energy costs for UK feed and processing operations, though the level stays high.
tradingview.comTradingViewNov 2, 2026After 162 past geopolitics events, NATGAS moved a median +2.2% over 5 sessions (61% higher; middle half -2.0% to +7.5%), and +4.1% 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.
