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9/17, 10:23 AM (Source: TeleTrader)
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IEA's Birol: Gas prices to continue to rise for weeks

International Energy Agency (IEA) Executive Director Fatih Birol (pictured) stated on Friday that the gas prices could continue to grow for weeks.

Commenting on oil, the official said that he would be surprised if the price of crude reached $100 per barrel this year.

Futures on natural gas for delivery in October jumped 5.06% to $158.380 at 10:18 am CET. Meanwhile, futures on West Texas Intermediate oil for October delivery shed 0.65% to trade at $72.61 per barrel at 10:23 am CET, while futures on Brent crude, an international benchmark, for delivery in November fell 0.50% to $75.67 per barrel at the same time.

Breaking the News / MD