Gas futures prices in Europe rise by almost 30%

The gas prices of March futures in Europe at the beginning of trading rose by almost 30%, above $1,300 per 1,000 cubic meters, Report informs referring to the London Stock Exchange ICE.

The opening price was almost $1,170, which, taking into account currency changes (data on ICE Futures are indicated in euros), is 12.6% higher than the settlement price - that is, the final price of the previous day ($1,038.6). In just a few moments, the prices jumped to $1,389.7, growing by 33.8%.

The cost of gas in recent days has jumped sharply on the strengthening of geopolitical risks. If on February 21 the settlement price was almost $850, on February 23 it approached $1,050, up 22.5% in two days.