Gas Futures in Europe Fall to $1,325 Per 1,000 Cubic Meters, Down $600 From Record High

© REUTERS / Laszlo BaloghA pressure metre is pictured at the gas storage facility of Hungarian state-owned energy group MVM in Zsana November 3, 2014
A pressure metre is pictured at the gas storage facility of Hungarian state-owned energy group MVM in Zsana November 3, 2014 - Sputnik International, 1920, 06.10.2021
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MOSCOW (Sputnik) - Gas futures prices in Europe lost their growth on Wednesday, falling to $1,325 per thousand cubic meters, down 4.7% from Tuesday, according to trading data on ICE Futures.
The price of November gas futures on the Dutch TTF index, the most liquid European hub, reached $1,937 per thousand cubic meters earlier in the day, but then began to roll back sharply.
By 11:35 GMT, the futures fell to $1,325 per thousand cubic meters.
The European Union has seen a spike in natural gas prices over the past few months, driven by growing energy demand amid an economic recovery from months of lockdowns, and a limited supply.
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