Gas futures fell in price after a sharp rise last week on the back of news about Germany’s injection volume.
The price of gas in the European market fell sharply on Monday, August 29, according to trade data.
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The spot gas price at the TTF site in the Netherlands for early delivery is $2,810 per thousand cubic meters, or EUR 272.03 per MWh.
As Bloomberg wrote, gas prices began to fall after Germany said its gas storage facilities were filling up faster than planned, and some traders took profits after a rally in recent days. week.
After that, quotes fell more than 20%, slightly offsetting last week’s jump of nearly 40%.
Last week, the price of gas in Europe rose to $3,500 per thousand cubic meters, but later the price decreased slightly.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.