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Barchart
Barchart
Cesar Marconetti

European Commodities: Oil and Gas Rally, While Nickel Prices Cool

Energy Leads Weekly European Commodity Winners

UK natural gas (NFX24) surged +12.39% last week to lead European commodity winners after UK gas production fell by 13% compared to last year, and even for this year a further 10% reduction is expected. As of today, production covers only 60% of current demand. There are reports highlighting that the North Sea basin output is showing fast decline rates. 

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