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European wholesale gas prices fell for a third straight day, with the Dutch TTF front-month contract down 1.6% to 86.60 euros/MWh and about 20% lower over three sessions. Brent crude dropped nearly 9% overnight to below $100, on track for its steepest weekly decline since April 2020, despite reports of fresh tanker incidents in the Strait of Hormuz.
Oil-linked LNG contracts and spot replacement fuels are getting cheaper, reducing the energy-cost pressure on fertiliser, feed processing and transport that had built up in October. Feed buyers should expect softer energy-driven cost inputs, though Hormuz risk remains a upside tail.
investing.comPranav KashyapNov 5, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
