EU gas storage was about 73% full in early November, the lowest level for that date since records began, as withdrawals accelerated after the heating season began. Net withdrawals rose nearly fivefold from November 1 to November 6, while Gazprom said its deliveries to Turkey had almost quadrupled.
Rapid storage drawdowns raise the risk of tighter European gas availability and stronger winter prices, with potential knock-on effects for energy-intensive feed and fertilizer production. Increased Russian deliveries to Turkey may redirect supply but do not remove pressure on EU inventories.
After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.