UK Natural Gas Futures Rise to 10-Month High
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UK natural gas futures have surged to over 102 pence a therm, marking a 10-month high due to heightened supply security concerns amid escalating US-EU tensions. Fears that the US may leverage LNG exports in its trade dispute with Europe have contributed to the price increase. Additionally, the European Parliament's decision to freeze a ratification vote on a US-EU trade deal has further strained relations. The UK's limited gas storage and reliance on imports make it vulnerable to global supply disruptions, with continental Europe's gas storage levels also significantly lower than last year.
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