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The Commodities Feed: European gas continues to rally
Your daily roundup of commodity news and ING views
think.ing.com
"European natural gas prices continue to strengthen. TTF prices rallied by more than 5% yesterday and edged closer towards EUR40/MWh. The supply picture in Europe is clearly tight, with inventories in the region at the lowest levels since 2015 at this stage of the year. This leaves storage only about 55% full. There is a real risk of Europe entering the winter season with low inventory levels suggesting that prices will remain well supported"