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European Natural Gas Edges Higher as Traders Monitor Hormuz Risk

European Natural Gas Edges Higher as Traders Monitor Hormuz Risk
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European Natural Gas Edges Higher as Traders Monitor Hormuz Risk European natural gas prices inched higher after an attack on a cargo ship in the Strait of Hormuz renewed fears about safe passage through the critical waterway. Benchmark futures rose as much as 1.6% after falling the previous two sessions. Prices have been trading in a narrow range since the start of the week.

European Natural Gas Edges Higher as Traders Monitor Hormuz Risk European natural gas prices inched higher after an attack on a cargo ship in the Strait of Hormuz renewed fears about safe passage through the critical waterway. Benchmark futures rose as much as 1.6% after falling the previous two sessions. Prices have been trading in a narrow range since the start of the week. They remain more than 25% higher than before the war started amid concerns European storage isn’t filling up fast enough before winter.
European Natural Gas Edges (ORG) Traders Monitor Hormuz Risk European Natural Gas Edges (ORG) Traders Monitor Hormuz Risk European (ORG) the Strait of Hormuz (LOCATION) European (ORG)
Originally published by Bloomberg Markets Read original →