US EditionEuropean Markets Head for Another Negative Open as Oil Prices Remain Elevated
24 Articles
24 Articles
European natural gas prices immediately rose by almost 30 percent this morning compared to Friday, to around €64 per megawatt-hour. This marks their highest level in three years, building on last week's sharp rise. Growing concerns about supply, in particular, are sending Europe and Asia into a renewed upward price spiral.
European gas prices jumped 30 percent on Monday as the Middle East war has disrupted energy markets and raised fears of long-term supply problems.
However, the levels recorded remain well below those reached at the beginning of the war in Ukraine.
While the oil barrel has reached record levels, the price of gas is in turn blazing, in connection with the war that continues in the Middle East.
European markets dip as oil prices soar and European gas prices jump
The war on Iran is going to hurt Europe a lot more than the US, which make it doubly stupid that most European leaders have condoned it. Read the article HERE. The post Euronews – European markets dip as oil prices soar and European gas prices jump appeared first on Brave New Europe.
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