The price of key European natural gas fell on Wednesday, while crude oil prices stabilized after the sharp volatility they showed on Tuesday due to concerns that rising cases of coronavirus will reduce demand, outweighing supply concerns following the new sanctions the US and the EU are considering imposing on Russia.
In particular, European gas futures (Amsterdam), May contracts, are down 3.2% at 106 euros per megawatt hour.
The price of Brent crude oil rises slightly by 0.22% to 106.87 dollars a barrel, while US WTI crude oil rises by 0.02% to 101.96 dollars a barrel.
(CNA)
CNA
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