Europe’s Natural Gas Prices Surge 10% To Fresh Record Highs

The benchmark natural gas prices in the UK and Europe jumped by another 10 percent to fresh record highs on Tuesday as energy commodities rally amid multi-year-low European gas inventories ahead of the winter season. The front-month Dutch TTF Gas Futures, the benchmark for European gas, have jumped to €85/MWh, up from €76.875/MWh on Monday afternoon, pushed higher in part by the contract rolling off this week. Price at the UK National Balancing Point (NBP) virtual trading point reached another record high. The Q4 UK price rose by 16.30…