8/10, 2:21 PM (Source: TeleTrader)
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F NG-0.96%

Chart for: F NG 11/22

European gas jumps 10%

The price of European gas grew by more than 10% on Wednesday, reaching its highest since July 28. Tensions between the European Union and Russia over the Nord Stream gas pipeline persist as a turbine, previously taken down for maintenance, remains in Germany due to a dispute over sanctions. Meanwhile, Germany assured the EU's plan to cut down on the use of gas ahead of winter could result in a price reduction or stabilization.

UK natural gas futures for delivery in September surged 10.85% to 396 pence per therm at 2:21 pm CET.

Baha Breaking News (BBN) / DJ