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Evening Standard

Business

Holly Williams

Oil and gas prices ease back in calmer markets but volatility remains

Gas Prices Oil Natural Gas United Kingdom

The energy profits levy is currently set at 38% (Jane Barlow/PA) -

Oil and gas prices have retreated after Thursday’s painful cost spikes as financial markets calmed at the end of another turbulent week due to the escalating Iran conflict.

UK natural gas prices fell 2% lower in early trading on Friday, having jumped more than a fifth on Thursday to its highest level in three years at one stage.

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