Gas Prices In Europe Skyrocket Again As Supply Risks Grow

European natural gas futures soared Monday after reports the Biden administration was considering curbs on Russian crude imports sent shock waves across commodity markets.  Brent surged to $137/bbl and quickly pared gains to trade near $125/bbl around 0630 ET. The focus is European natgas futures, Dutch gas, which jumped as high as 64% to 335 euros a megawatt-hour -- the equivalent of around $600 a barrel of oil. Chaotic energy markets came after the US Secretary of State Antony Blinken told NBC this past weekend that the Biden administration…