European Gas Prices Rally on U.S.-Iran Stalemate
OilPrice.com
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Europe’s benchmark natural gas prices rose by 2% in early trade in Amsterdam on Monday, as the United States and Iran are again locked in a stalemate over negotiations and conditions for reopening of the Strait of Hormuz.
The front-month futures of the Dutch Title Transfer Facility (TTF), the benchmark for Europe’s gas trading, were up by 2. 15% at $83. 76 (73. 62 euros) as of 7:15 a. m. Amsterdam time on Monday, after falling last week by about 9%.
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