Europe gas price hits record high on Ukraine conflict

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LONDON, United Kingdom (AFP) — European gas prices surged by around 50 percent Wednesday to a record high on supply fears following key producer Russia’s invasion of Ukraine. Europe’s reference Dutch TTF gas price hit 194.715 euros per megawatt hour in morning deals. UK gas prices jumped as high as 463.84 pence per therm, close to the record 470.83 pence struck in December. The assault on Ukraine also sent oil prices rocketing Wednesday because Russia […]