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Europe's gas prices climb 4 percent
Gas prices on European exchanges continued to rise yesterday, Wednesday, with an increase of 4%, reaching approximately $604 per thousand cubic meters amid ongoing supply concerns. Data shows that prices surged significantly in March, up 60% compared to February, surpassing $600 for the first time since February 2023. Prices then decreased to around $540 in April but climbed back above the $600 mark between May 15 and 20. The highest levels were recorded on March 19, following damage to Qatar's two production lines, when prices hit $853.7.
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