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Europe gas prices jump 22%

European natural gas futures soared as much as 23 per cent, as traders reassess supply risks amid signs of global competition for the fuel and a heat wave bearing down on the region. The benchmark contract is on course to end the week 38 per cent higher, the most since last August, near the height of Europe’s energy crisis. It’s also the first weekly gain since March. Friday’s surge is the latest example of extreme volatility this week. While high inventories and subdued industrial demand have depressed prices in recent months, traders are on edge about the possibility of tightening supplies.

BUSINESS

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2023-06-10T07:00:00.0000000Z

2023-06-10T07:00:00.0000000Z

https://torontostarnie.pressreader.com/article/281900187612220

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