B · Normal
[European natural gas rises for the fourth consecutive week, with prices rising to the highest since 2022] On October 23, European natural gas prices rose for the fourth consecutive week, and the market continues to worry that as the local energy demand season enters, conflicts in the Middle East will continue to squeeze global supply. European benchmark natural gas futures rose to 94 euros per megawatt hour on Friday, the highest level since December 2022, and have risen about 7% this week, with crude oil and power contracts also rising. According to reports, the United States and Israel have formulated plans to launch another attack on Iran after the U.S. midterm elections early next month, exacerbating market concerns about further escalation of the conflict.
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