Wholesale gas costs reached new uncharted territory on Wednesday as financial markets fret over the impact of inflation on the global recovery from the coronavirus crisis.The gas contract for next-day delivery in the UK breached £3/therm for the first time on Wednesday morning and was as high as £3.55 at one stage before easing back following comments from Russian president Vladimir Putin.
Market experts said at the peak, the surge represented a rise of 27% on the day.The price later retreated and was 17% lower at 231p by the afternoon but this was still multiple times higher than typical levels of …
