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European Gas Jumps 2.7%

European Gas Jumps 2.7%

European gas prices rose 2.7% on Wednesday, November 11, as concerns about supply disruptions resurfaced following reports of attacks on commercial vessels in and around the Strait of Hormuz, potentially delaying liquefied natural gas shipments. The Dutch TTF contract climbed to €86.99 per megawatt-hour, while the British contract rose to 217.06 pence per therm, amid a rebound in energy prices and higher costs for Europe’s dollar-denominated imports.

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