European gas prices see increased bullish bets from traders.

Quick Summary:

But they do not rule out further big price swings, particularly with gas demand rebounding recently, having remained subdued during the energy crisis.

While that is far below the peak of more than €300/MWh in the summer of 2022, it remains higher than about the €10 to €20/MWh typically seen before the gas crisis started in 2021.

Analysts at Morgan Stanley said “underlying gas demand” in April was up 8 per cent on the same month a year earlier.

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Category: MarketsFinanceInvesting

Markets: United StatesAustraliaIsraelUkraine

Topics: Supplies Storage Bets Prices Financial Year Cent Facilities Ukraine Traders European

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-05-08 @ 16:36:56 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Financial Times

News ID: 20917453

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