Traders To Blame As European Gas Markets Descend Into Chaos ...Middle East

Earlier this month, natural gas prices in Europe rose twofold in the space of 10 days, with a single trading day seeing a jump of 27% two weeks ago. On June 15, prices jumped by 30%. A day later, they dropped almost as sharply as they had risen, shedding over 20%. All this happened before the latest events in Russia that rattled commodity markets. And it will be happening again. Because traders are crowding the natural gas space, eager to make some money like others did last year. Volatility has come back to natural gas markets. Bloomberg reported this…

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