European natural gas prices surge amid Middle East shipping attack concerns
NBP NovaBridge Biosciences ADR
$0.86 +0.10%
View chart & analysis → - 1European wholesale natural gas prices surged following reports of attacks on commercial vessels near the Strait of Hormuz.
- 2Dutch TTF futures rose 2.7% to record 86.99 euro per megawatt-hour.
- 3UK NBP contracts rose 2.7% to reach 217.06 pence per therm.
So what's the key point?
European natural gas prices jumped significantly following news of attacks on ships in Middle Eastern waters. Gas prices rose by approximately 2.7%, causing movement in the related markets.
Source Investing.com · View original ↗
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