Natural Phase Prices Surge in Europe

Forex - Following Russian President Vladimir Putin's statement that there is little chance of an agreement to maintain natural gas supplies to Europe via Ukraine by the year's end, European natural gas prices surged. In benchmark futures trading, natural gas prices increased by up to 5%. Traders in Europe are closely monitoring the region's gas storage levels, which are currently below 75%. In the Dutch TTF, Europe's natural gas benchmark, prices rose by 2.30% this morning, reaching €46.78 per megawatt hour.