Gas prices in Europe rise 5%

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Gas futures in Europe rose by 5% in early trading on November 4, Report informs referring to the London Stock Exchange ICE.

December futures (according to the index of the largest European hub TTF) opened trading at $1,360.2 per 1,000 cubic meters (+7%). Then they dropped to $1,335.2. Growth in comparison with the previous day was 5%.

The dynamics of prices is based on the settlement price of the previous trading day – $1,271.2 per 1,000 cubic meters.

Throughout October and the first days of November, gas prices showed a steady decline.