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via finance.yahoo.comMarkets

European gas tumbles to seal worst week since 2025, snaps five-week rally

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com - European wholesale natural gas prices fell sharply on Friday, sliding 3.5% on the day to seal their steepest weekly drop in more than a year and a half, as a relentless retreat across global crude benchmarks and the political fallout from the U.S. midterm…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop in European gas prices follows broad crude weakness and affects energy cost expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Dutch TTF front-month contract fell 3.5% to 87.40 euros per megawatt-hour.
  2. 02The British NBP contract dropped 3.5% to 217.00 pence per therm.
  3. 03Both benchmarks recorded a weekly decline of over 15%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Natural GasCOMMODITY:NATGASCommodity3.00 USD0.00%today +1.90%Negative Crude Oil WTICOMMODITY:WTICommodity90.72 USD-0.22%today +0.22%Negative Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity98.36 USD-0.22%today +0.07%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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