# European gas extends rally to third day as near-term supply anxiety persists

> European wholesale gas prices rose for a third straight session, with the Dutch TTF front-month up 2% to 88.42 euros per MWh and NBP up 1.7% to 219 pence per therm. Brent and WTI fell about 1.5% as OPEC+ October output rose on higher Saudi production.

- Date: 2026-11-12 · published 2026-11-12T12:10:26.469Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/95402-european-gas-extends-rally-to-third-day-as-near-term-supply-anxiety-persists
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Tight European winter gas inventories keep energy input costs elevated, which raises fertilizer and feed processing costs; crude weakness is a bearish signal for vegetable oil and biofuel-linked feedstocks.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2026-10-29 | [European Natural Gas Hovers Near Peak Levels — TradingView News](https://feedsoft.ai/events/269-european-natural-gas-hovers-near-peak-levels-tradingview-news.md) | -1.8% | — |
| NATGAS | 2021-09-30 | [U.S. natgas futures jump to 7-year high on Europe supply fears \| Reuters](https://feedsoft.ai/events/45219-u-s-natgas-futures-jump-to-7-year-high-on-europe-supply-fears-reuters.md) | +4.2% | +8.1% |
| NATGAS | 2024-12-17 | [Global natural gas market outlook: European supply challenges and regional demand dynamics](https://feedsoft.ai/events/27140-global-natural-gas-market-outlook-european-supply-challenges-and-regional.md) | +7.0% | +40.3% |
| NATGAS | 2021-07-23 | [Natural gas price nears three-year high as summer heat strains supply](https://feedsoft.ai/events/46254-natural-gas-price-nears-three-year-high-as-summer-heat-strains-supply.md) | +0.8% | -4.5% |
| BRENT | 2026-06-24 | [Oil curve points to near-term glut as Hormuz flows rise \| Reuters](https://feedsoft.ai/events/18985-oil-curve-points-to-near-term-glut-as-hormuz-flows-rise-reuters.md) | -6.2% | +21.0% |
| BRENT | 2023-10-24 | [Oil drops for third straight session on weak European economic data \| Reuters](https://feedsoft.ai/events/33793-oil-drops-for-third-straight-session-on-weak-european-economic-data-reuters.md) | -2.0% | -8.9% |
| BRENT | 2019-09-27 | [Rupee rallies to nearly 2-month high as crude subsides \| Rupee rallies to nearly 2-month high as crude subsides](https://feedsoft.ai/events/57382-rupee-rallies-to-nearly-2-month-high-as-crude-subsides-rupee-rallies-to-nearly.md) | -7.3% | -1.2% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/european-gas-extends-rally-to-third-day-as-nearterm-supply-anxiety-persists-5020480

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