European gas prices accelerated gains on Wednesday, rising 5% to above $580 per thousand cubic meters after US President Donald Trump said the ceasefire with Iran is no longer in effect.
AI will summarize what happened, why it matters and what it means for business.
August (front-month) futures on the TTF index, the largest European distribution hub located in the Netherlands, opened trading at $571 (+3.7%). The indicator then rose 5.4% to $580.5 per barrel.
The dynamics are calculated from the previous trading day's settlement price of $550.6 per thousand cubic meters.
Generated by AI. Please check key details when accuracy matters.
gas price was $550.6 per thousand cubic meters
August TTF futures opened at $571 (+3.7%)
after Trump's statements on Iran ceasefire, prices accelerated to +5.4%, reaching $580.5