The cost of European gas may rise by half

07.10.2021

Gas prices in Europe in the near future may surpass the $2,500 mark per 1,000 cubic meters. Analysts came to this conclusion.

On October 6, the price of gas futures in Europe set a historic maximum again, reaching the level of $1,900 per 1,000 cubic meters. However, experts predict further growth in the cost of natural gas.

“Prices continue to grow steadily, and at this rate they can reach $2,500 per thousand cubic meters and more this week. The factor of psychosis and the unlimited possibilities of speculators makes it difficult to make prediction based on technical or fundamental analysis,” an expert in the field of financial communications said.