European benchmark TTF natural gas prices rose 3% at Amsterdam open on Friday, hitting the highest level since 2022, amid Middle East escalation restricting Qatari LNG flows and EU countries drawing on gas storage; Brent crude also hit a five-month high of $114/barrel.
OilPrice10/23, 05:30 PM
- 3%
- 2022
- 7 a.m.
- $114 per barrel
Figures as quoted by OilPrice
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Pushes up
DaysMedium confidence
Middle East escalation restricting regional LNG flows lifts the broader oil risk premium alongside Brent.
Brent
Pushes up
DaysMedium confidence
Escalation restricting Qatari LNG flows drives a geopolitical supply-risk premium into Brent pricing.
What could change this
If the escalation does not extend into an actual oil supply disruption, the risk premium in Brent could ease.
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