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Brent oil surpasses $113 per barrel first time since June 2014. Eu Gas prices break historic Max
The price of Brent crude oil futures contract with May delivery on London’s ICE exchange rose by 7.67% to $113.02 per barrel on Wednesday.
Meanwhile, the price of futures contract for WTI crude oil grew by 6.6% to $110.25 per barrel.
Fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative oil sources in an already tight market
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European Gas Futures Break Historic Maximum, Topping $2,226 Per 1,000 Cubic Meters.
The prices of April futures for gas in Europe are rising by almost 60% to its new historic maximum of $2,226 per one thousand cubic meters on Wednesday, according to the London-based ICE exchange.
The price of futures on the TTF index reached a historic high of $2,226 at 08.58 GMT, which is 59.4% higher than the settlement price the day before — $1,396.5 per one thousand cubic meters.
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