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European wholesale gas prices fell sharply, with UK market prices reaching 10-year lows, as record numbers of LNG cargoes from the US, Russia and Qatar arrived in Europe. The price drop is expected to lower household energy bills.
The article describes a sharp fall in gas prices across the continent.
A flood of cheap LNG supply is pushing down European gas prices and reducing energy costs across the region. Lower gas and power costs can ease pressure on European feed and processing margins.
theguardian.comJillian AmbroseDec 26, 2019After 24 past bearish trade events, Natural Gas moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% 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.
