European Gas Falls Below €50 as Historic Energy Crisis Recedes

Feb 19 2023

European natural gas futures settled below €50 a megawatt-hour for the first time in over 17 months as the region’s worst energy crisis in decades recedes — though there are signs further price declines are unlikely. Futures have plunged by more than 80% from their August peak when Russia’s gas cuts hit Europe with about $1 trillion in energy costs…


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