European gas tops €97 per megawatt-hour for first time since 2022

Bloomberg reports European natural gas topped €97 per megawatt-hour on October 26 for the first time since 2022, amid winter supply concerns and uncertainty over the Middle East conflict. It says benchmark futures rose as much as 3.5% early Monday as traders expected greater heating demand. A later Bloomberg newsletter says Europe’s policy response is nowhere near crisis levels yet.