The TTF front-month contract rose 2.7% to above €87/MWh on 11 November after hitting a one-month low the previous day. EU storage was 72% full as of 10 November, below the five-year average for the start of the heating season, and the article notes demand across the bloc has fallen about 17% from pre-crisis levels.
Thin storage supports prices, but falling EU demand and quick reactions to diplomatic news limit the upside. Energy price swings feed into fertilizer and processing costs for European feed producers.
After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.