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European Gas Prices Secure Third Week of Gains | Markets & Money News
European gas prices are stabilizing near their highest levels since late 2022, achieving a third consecutive week of gains amid ongoing supply concerns. The Dutch front-month contract stands at €86.10 per megawatt-hour, reflecting a weekly increase of nearly 6%. Likewise, the UK's NBP wholesale gas contract is around 213 pence per therm, with a 5.3% weekly rise. Factors like maritime threats in the Strait of Hormuz and unplanned maintenance in Norwegian infrastructure are tightening supply.
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