Gas prices in Europe fell by the close of trading on Friday

Exchange prices for gas in Europe by the close of trading on the last trading day of the week fell by 7.3%, to around $1,680 per thousand cubic meters, according to data from the London-based ICE exchange.

The nearest, August futures on the index of the Dutch TTF – one of the world’s largest trading floors – opened the trading session with a moderate decrease, at a mark slightly above $1,790 (-1% against Thursday’s settlement price – $1,809.8). After small fluctuations, the quotes reached $1,807.2 (-0.1%) before noon, after which they accelerated the pace of decline and dropped to a minimum of $1,637.8 (-9.5%) by the evening. Recent futures contracts traded at $1,677.6 (-7.3%).

Stock prices for gas in Europe since the end of June have been growing for seven trading sessions in a row, the estimated price of the nearest – first in July, and then in August – futures jumped from about $ 1,400 per thousand cubic meters to above $ 1,900, after which, in two sessions, it dropped almost to 1720 dollars and after some growth at the auction on Thursday fell again.

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