Fears Of Supply Chains Wreckage Drive Commodity Prices up, Put Dent on European Currencies

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Natural gas prices in central Europe renewed rally on Friday amid concerns over cold weather forecasts and continued uncertainty over Russian gas supplies to Europe in light of military action in Ukraine. stored in the country. , including gas normally held by Western European operators, did not affect transit flows of Russian gas, analysts at Engie EnergyScan said. gigawatt-hours a day than last week as long-term contract holders demand more gas after spot price hikes, according to Refinitiv’s analysis. , such as EUR, GBP, SEK, NOK and DKK. However, being close to levels of strong multi-month support, they are ready to bounce back if the Russia-Ukraine negotiations take place on March 5 and 6 will pave the way for a de-escalation.

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