Data-Driven Commodity Research, The Commodity Report

The Commodity Report

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Data-Driven Commodity Research

Commodities

<ul><li>What a year it was for European energy prices. Every time it gets emotional, prices behave volatile and sometimes also irrationally.</li><li>That was the reason why <a href="https://commodityreport.substack.com/p/time-to-fade-the-eu-energy-crisis" target="_blank" rel="noopener">we called for a peak in European energy prices already back in August of 2022.</a></li><li>Back then, prices were astronomically high. Per BTU, you had to pay $93 for US crude oil, $500 for European TTF natgas, and meanwhile, “only” $54 for US Henry Hub natgas for the forward futures contract.</li></ul>

What a year it was for European energy prices. Every time it gets emotional, prices behave volatile and sometimes also irrationally.That was the reason why we called for a peak in European energy prices already back in August of 2022.Back then, prices were astronomically high. Per BTU, you had to pay $93 for US crude oil, $500 for European TTF natgas, and meanwhile, “only” $54 for US Henry Hub natgas for the forward futures contract.

Crude Oil

The Commodity Report #84