European natural gas prices hit 18-month low and near parity with crude oil as Vladimir Putin's energy war fizzles

European natural gas prices hit 18-month low and near parity with crude oil as Vladimir Putin's energy war fizzles

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Russian President Vladimir Putin. MIKHAIL KLIMENTYEV/RIA NOVOSTI/AFP via Getty Images Alternative suppliers and a warm winter have brought European gas prices below 50 euros per megawatt hour. That marks an 85% drop from the price peak last year, when Russia cut gas exports and sparked a price…

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