European gas price collapsed

18.10.2021

Gas prices in Europe fell below $1,000 per thousand cubic meters. This is evidenced by trade data. At the opening of trading on Monday, October 18, the price of November gas futures according to the Dutch TTF index was $1,033.9 per thousand cubic meters, but soon the price dropped to $1005.7, and at the moment it was falling to $983.5.

Meanwhile, on Friday, October 15, trading was closed at almost $1,065 per thousand cubic meters, and the estimated price was $1123.3. Simultaneously with the fall in gas prices, the cost of oil is growing. At the beginning of trading, the price of benchmark Brent rose to $86 per barrel.