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Gas Up on Shipping Risk
European gas prices edged higher on Monday, November 9, as reports of attacks on ships near the Strait of Hormuz revived concerns about supply security, offsetting signs of easing tensions between Washington and Tehran. The Dutch front-month TTF gas contract rose 1.4% to €86.70 per megawatt-hour, while the British NBP contract climbed 2% to 217 pence per therm, amid utility companies’ purchases to hedge against supply risks as the winter peak approaches.
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