European natural gas prices fell further on Friday, reaching a nearly three-year low. Comfortable stock levels in European countries combined with milder temperatures and the end of winter are calming prices.
Gas reserves, usually in high demand for heating during the winter, are in fact still 64.69% full on average in EU countries, according to the European Agregated Gas Storage Inventory (AGSI) platform. On the oil side, prices fell, with investors digesting the fact that the American Federal Reserve could keep its key rates high for longer.