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Gas prices in Europe once again exceed $1,000 per thousand cubic meters

Tom Hagler by Tom Hagler
14.01.2022
in Stock Market
Gas prices in Europe once again exceed $1,000 per thousand cubic meters
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The price of February futures contracts for natural gas rose to $1,030 per 1,000 cubic meters in the evening; by 8 p.m. Moscow time, it had rolled back to $998.7, according to data from the London Intercontinental Exchange (ICE). The index has repeatedly overcome the mark of $ 1000 per 1,000 cu.m. during the first days of the year, the last time it happened on January 10.

The total growth in the futures price on the TTF hub in the Netherlands rose by 12.13% over the day.

Earlier stock and currency markets in Russia fell at the end of the main trading session, the Mosbirge index declined by more than 4%. The fall intensified during the day following statements by Russian Deputy Foreign Minister Sergei Ryabkov, who said he saw no point in new negotiations with the US and allies on security proposals.

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