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European gas futures rose about 3% to 97.8 euros per MWh ahead of the reopening of European markets. The increase reflects hopes tied to US-Iran diplomacy.
European gas near 100 euros/MWh raises energy and fertiliser costs for the region and supports demand for alternative fuels and feedstocks. Any progress in US-Iran talks could quickly reverse the move.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.