European Natural Gas Prices Jump As Cold Weather Closes In ...Middle East

OILPRICE - Economy
European Natural Gas Prices Jump As Cold Weather Closes In
source : OILPRICE ( Middle East ) () 22
Europe’s benchmark natural gas prices at the Dutch TTF hub jumped by 10% early Thursday as weather forecasts pointed to a colder-than-normal spell coming to northwest Europe by December.   As of 11 a.m. in Amsterdam, the TTF futures were up by 7% at $130 (134 euros) per megawatt-hour (MWh), according to Bloomberg estimates. Prices are rebounding today from several sessions of losses earlier this week.  The benchmark gas prices fell earlier this week and stayed below $97 (100 euros) per MWh as a warm October has allowed for…

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