Natural Gas Prices Spike As Cold Front Looms

The benchmark natural gas prices in Europe and the United States jumped on Monday as forecasts point to below-normal temperatures across most of America and a cold spell in northwest Europe this week. Europe’s benchmark natural gas prices at the TTF hub in the Netherlands surged by 11% early on Monday, and returned above the threshold of $103 (100 euros) per megawatt-hour (MWh), after having traded below that level for most of the past few weeks.  The benchmark gas prices in Europe fell early this month to a four-month low and stayed…