Natural gas prices on the European market surged by more than 5% on Monday, hitting nearly $900 per 1,000 cubic meters, according to ICE futures trading data.
The price tag for the October futures contract on the TTF hub in the Netherlands reached $895.30, marking a growth of 5.4% against the levels reached at the end of last week.European gas prices have been hitting record highs over the past month with the estimated price of October futures reaching a decade high of $963.90 on September 15.The spike is being attributed to the approaching winter season and economic rebound from Covid-19 lockdowns across the world. This …
