The record-breaking rally was halted after four consecutive days of gains due to increased natgas flows from Russia.

During Thursday's invasion, Dutch TTF Gas Futures soared as much as 60% as Putin's forces launched a barrage of artillery, airstrikes, and missiles across Ukraine to "demilitarize" the country. We noted, at the time, even though energy prices jumped, there were no reports of supply disruptions or blackouts in Ukraine, suggesting businesses as usual. 

On Friday, Dutch TTF Gas prices plunged as much as 28%......on new data supplied by Bloomberg via Gazprom PJSC that natgas flows from Russia, through Ukraine, and into Europe jumped almost 38% on Thursday and are expected to rise 24% on Friday.