European Natural Gas Prices Rise Amid Cold Snap and Supply Woes

Europe’s benchmark natural gas prices rose early on Monday amid continued risks to supply from the Middle East and Ukraine and a colder snap ahead of the winter heating season. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were rising by 2.35% at $39.20 (35.25 euros) per megawatt-hour (MWh) at 11:34 a.m. in Amsterdam on Monday. Following a weekly decline of 3.4% last week, European gas prices were up on Monday as traders weighed the risks to supply from the conflicts in the Middle East and at the Ukraine-Russia…