European Natural Gas Price in 2015
European Natural Gas Price opened 2015 at 9.5 and closed at 5.81, a -38.84% move for the year. The high of 9.5 was reached on January 1, and the low of 5.81 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 9.5 | 9.5 | 9.5 | 9.5 | +0.00% |
| Feb | 9.29 | 9.29 | 9.29 | 9.29 | +0.00% |
| Mar | 9.29 | 9.29 | 9.29 | 9.29 | +0.00% |
| Apr | 7.39 | 7.39 | 7.39 | 7.39 | +0.00% |
| May | 7.37 | 7.37 | 7.37 | 7.37 | +0.00% |
| Jun | 7.3 | 7.3 | 7.3 | 7.3 | +0.00% |
| Jul | 6.68 | 6.68 | 6.68 | 6.68 | +0.00% |
| Aug | 6.66 | 6.66 | 6.66 | 6.66 | +0.00% |
| Sep | 6.49 | 6.49 | 6.49 | 6.49 | +0.00% |
| Oct | 6.01 | 6.01 | 6.01 | 6.01 | +0.00% |
| Nov | 5.87 | 5.87 | 5.87 | 5.87 | +0.00% |
| Dec | 5.81 | 5.81 | 5.81 | 5.81 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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