Loading…
European natural gas prices declined as persistent warmer-than-normal winter weather reduced demand and eased pressure on the region's energy systems. Prices fell as much as 6.5%, and unseasonably mild temperatures were forecast to continue into the following week.
Sustained mild weather cuts heating demand and LNG import needs, pushing gas prices lower. Cheaper gas lowers energy and fertilizer costs for European feed producers.
bloomberg.comVanessa DezemJan 3, 2023After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.
