Gold and metals

European gas prices jump more than 5% to highest level since late 2022

European natural gas prices rose more than 5% in Monday trading, with the benchmark front-month contract climbing to 83.75 euros ($97.13) per megawatt-hour, its highest level since late 2022, amid supply concerns and declining inventories.

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European gas prices jump more than 5% to highest level since late 2022

European natural gas prices jumped more than 5% in Monday trading, with the benchmark front-month TTF gas contract on the Amsterdam exchange rising to 83.75 euros ($97.13) per megawatt-hour, its highest level since late 2022.

Supply concerns drive prices higher

Prices rose amid concerns over continuing supply disruptions, as European countries face pressure to replenish declining gas inventories before winter.

European gas prices nearly triple

European gas prices have risen nearly threefold since the start of the year, as concerns grow over supply availability and inventory levels.

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