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US natural gas spot prices settled at $2.87 per million Btu on November 3, a one-week low, as LNG export outflows dropped and storage stood at 3,724 bcf. European wholesale gas traded near €90 per megawatt-hour.
A US gas surplus and mild November demand forecasts point to softer domestic energy costs, while the wide transatlantic price gap reflects tight European supply that supports the energy cost base for European feed producers.
eimoh.comeimoh EditorialNov 4, 2026Not 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.
