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European December gas touched €97.74/MWh on Friday before falling to €88.87 in the same session, and later updates put it near €91. EU storage was 71% full on 13 November, and traders linked recent moves to a colder outlook from around 17 November.
Tight LNG supply and low storage keep European energy costs elevated, which can squeeze gas-dependent fertilizer and processing margins. Higher energy costs can also support feed and protein prices in Europe.
tobrief.euNov 14, 2026After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
