10/20/2022, 12:29 PM (Source: TeleTrader)
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F GWM+3.55%

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European gas jumps almost 20%

The price of European gas was on the rise on Thursday after a recent slump, gaining almost 20%. The fate of the heating season in Europe is still uncertain, with German Chancellor Olaf Scholz stating his country will "probably get through this winter together" but also coming out against a gas price cap.

UK gas futures for delivery in November soared 19.41% to sell for 215 pence per therm at 11:50 am CET.

Baha Breaking News (BBN) / DJ