Europe’s Gas Price Set for Largest Weekly Gain in Three Years
Market Intelligence Analysis
AI-PoweredEurope's natural gas prices are expected to surge by 50% this week, the largest weekly gain in three years, due to the Middle East war cutting off 20% of global LNG supply.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Europe’s benchmark natural gas prices were on track early on Friday for a 50% weekly jump—the biggest one-week surge since the energy crisis in the summer of 2023, as the Middle East war has cut off 20% of global LNG supply. The implied volatility in the Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, has surged fourfold since the beginning of the year and is at the highest in nearly three years, according to data compiled by Bloomberg. Early on Friday, the April…
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