Gas prices in Europe exceed $1,100

Gas prices in Europe rose nearly 10% in early trading on May 12, Report informs referring to the London Stock Exchange ICE.

The price of June futures on the TTF index in the first minutes of the trading session rose to $1,085.8, which is 6.4% higher than the settlement price of the previous day ($1,020.7).

Further, gas prices rose to $1,118.3. Now they remain above $1,100.