Europe is on track to exit the winter heating season with underground gas inventories at their lowest levels in several years, yet benchmark prices for Natural Gas and spillover moves in Oil – US Crude suggest limited market urgency. Traders face a sizable task in rebuilding storage ahead of next winter, with refill demand likely to compete with Asian LNG buying and other regional needs. The apparent disconnect between tightening fundamentals and subdued risk pricing may leave the market more vulnerable to supply disruptions or weather-driven demand spikes later in the year.
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Over the past month, natural gas prices have advanced about 22.33%, reflecting growing recognition of storage risks and potential competition for LNG cargoes, while crude oil has climbed roughly 10.76%, supported partly by broader energy complex strength and macro sentiment. From a short-term technical perspective, the 1-day signal for natural gas stands at Buy, and U.S. crude also posts a 1-day Buy indication, suggesting momentum remains positive across key energy benchmarks even as fundamental concerns over Europe’s storage trajectory continue to build. Investors can explore more updates, prices, and analysis across global markets at Commodities.