FX.co ★ TTF Prices Hover at 9-Month Low

European natural gas futures have stabilized just under €33 per megawatt-hour, marking a near nine-month low, due to a steady supply and decreased demand from unusually warm weather. North-west Europe is expected to experience above-average temperatures through next week. Furthermore, gas supplies are projected to remain consistent. Currently, Europe’s gas reserves are recovering slowly post-winter, with storage levels at 38.41%, compared to over 61% during the same period last year. On the diplomatic front, U.S. President Trump met with Ukrainian President Zelenskiy, calling on Russia to cease its attacks. Trump hinted that Zelenskiy might consider relinquishing Crimea to achieve peace, but any potential agreements are unlikely to meet Ukraine’s approval.