Gas prices enter a volatile phase – ING
Source Fxstreet
European natural gas prices traded in a volatile manner yesterday, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.
Resumption in Russian pipeline gas is possible under a peace deal
"Ultimately, prices closed lower with TTF settling 4.5% lower on the day. Positioning data shows that investment funds reduced their position in TTF by 56.5TWh to a net long of 174.8TWh, the smallest since July. It hardly helped that the European Commission delayed the release of a plan to phase out Russian fossil fuels."
"Some read this as a sign that a partial resumption in Russian pipeline gas is possible under a peace deal. In addition, the EU will allow some flexibility in storage targets, although member states should still aim to have storage 90% full by 1 November."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
A blockchain investigator discovered a series of dormant XRP wallets linked to Ripple co-founder Chris Larsen, which had over 2.7 billion XRP. These holdings are worth around $7.18 billion. Some of
Gold price (XAU/USD) halts its two-day winning streak on Wednesday as rising US Treasury yields pressured non-yielding assets.
TradingKey - US President Donald Trump's tariff measures are continuously putting pressure on the US economy and the US stock market. J.P. Morgan has shifted its outlook on US stocks to a tactical bea
The Japanese Yen (JPY) drifted lower during the Asian session on Thursday, though it remains close to a multi-month top touched against its American counterpart earlier this week.
Bitcoin (BTC) extends recovery and trades above $92,000 on Thursday after rallying 5% in the last two days.
