On the cusp of Europe's winter season, gas storage hits 10-yr low

After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

• Oct 16, 2018Low US Storage Levels Point to Winter Natural Gas Price Spike Risk - Center on Global Energy Policy at Columbia University SIPA | CGEP-2.5%
• Sep 24, 2021Europe's gas prices surge but who will cut consumption? Kemp+15.4%
• Jun 18, 2024What’s in store for gas and LNG in Europe? | Wood Mackenzie+1.6%
• Jul 5, 2022European stock markets tumble on rising fears of recession | Stock markets | The Guardian+15.3%
• Oct 5, 2021Gas price surges to a record high in Europe on supply concerns-6.6%

After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.

• Sep 24, 2021Europe's gas prices surge but who will cut consumption? Kemp+6.2%
• Oct 5, 2021Gas price surges to a record high in Europe on supply concerns+6.2%
• Sep 30, 2021U.S. natgas futures jump to 7-year high on Europe supply fears | Reuters+31.3%
• Aug 25, 2022Yara cuts cast doubt on Europe's fertiliser production+19.3%
• Oct 28, 2026European natural gas prices soar: What it means for your winter bills-1.3%