European Gas Futures Close Above $1,200
Umer Jamshaid Published December 09, 2021 | 12:40 AM
MOSCOW (UrduPoint News / Sputnik - 09th December, 2021) Gas contracts for January traded above $1,200 per thousand cubic meters at the end of the trading session at the Dutch TTF hub on Wednesday, 7.4% above their Tuesday value.
Futures opened at $1,145 at Dutch TTF, the European benchmark.
They rose by up to 3% in a matter of hours before hitting Wednesday's high of $1,225, up 9.4% from the price of $1,120 recorded the day before.
Gas futures surged to their all-time high of $1,900 per thousand cubic meters in early October after post-pandemic recovery in Europe spurred demand and a rush to fill gas storage ahead of the winter season.
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From Business
-
Kitchen items’ prices ease as weekly inflation falls by 1.1%
1 hour ago -
Shipping Activity at Port Qasim
3 hours ago -
Machinery equipment assembling grew by 70.98% in 08 months
4 hours ago -
Gold rates up by Rs.2,500 per tola to Rs245,000
4 hours ago -
Miner Anglo American rejects BHP's $38.8 billion takeover bid
4 hours ago -
Exchange rates for currency notes
7 hours ago
-
Foreign exchange rates
7 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
7 hours ago -
Today Gold Rate in Pakistan 26 April 2024
8 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
17 hours ago -
Pak-US officials engage to enhance trade, investment ties
18 hours ago -
Stocks fall as tech shares sink, US economy slows
18 hours ago