# European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats

> 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.

- Date: 2026-11-05 · published 2026-11-05T12:07:29.953Z
- Category: market · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/81608-european-gas-slips-further-as-20-weekly-oil-crash-overwhelms-fresh-hormuz
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- NATGAS: bearish ▼

## Sources

- investing.com: https://www.investing.com/news/commodities-news/european-gas-slips-further-as-20-weekly-oil-crash-overwhelms-fresh-hormuz-threats-5002650

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.