10/21/2022, 10:02 AM (Source: TeleTrader)
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F GAS-2.01%

Chart for: F GAS 3/24

European gas falls over 10% amid energy talks

The price of European gas futures slipped on Friday as the bloc's member states' officials gathered in Brussels at the European Council summit to discuss the raging prices of gas that continues to drive costs of electricity to skyrocket.

Following yesterday's meeting, European Council President Charles Michel revealed the officials agreed on the framework that will develop tools for reducing energy prices on the market, including setting up a price ceiling on gas in the bloc. The matter is to be yet discussed next week in Luxembourg.

UK natural gas futures for delivery in November slumped by 11.17% to 200.000 pence per therm at 9:53 am CET.

Baha Breaking News (BBN) / AB