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Europe nat gas at 17 month low

Summary:
Ok fixed the gas supply…. FTSE at all time highs and STOXX just shy of it….  ECB close to terminal rate… So now the drunk neo-Soviet commies are just left with their war… Futures have plunged by more than 80% from their August peak when Russia’s gas cuts hit Europe with about trillion in energy costs, hammering the region’s economy and pushing inflation to the highest in decades. Now, the continent is seeing a sharp turnaround as relatively mild weather, efforts to reduce fuel consumption and strong inflows of liquefied natural gas from the US to Qatar take the edge off.European gas falls below €50 as historic energy crisis recedes https://t.co/tonfJSip9E via @a_shiryaevskaya @MaznevaElena pic.twitter.com/sATNG0CGwD— Zoe Schneeweiss (@ZSchneeweiss) February 17, 2023

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Ok fixed the gas supply…. FTSE at all time highs and STOXX just shy of it….  ECB close to terminal rate… So now the drunk neo-Soviet commies are just left with their war… 


Futures have plunged by more than 80% from their August peak when Russia’s gas cuts hit Europe with about $1 trillion in energy costs, hammering the region’s economy and pushing inflation to the highest in decades. Now, the continent is seeing a sharp turnaround as relatively mild weather, efforts to reduce fuel consumption and strong inflows of liquefied natural gas from the US to Qatar take the edge off.





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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