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Gas prices swing wildly as Putin comments put the brakes on latest spike


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 …

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