European gas surges 60 percent in two days as EU sounds alarm

After today's surge, the forward price of Dutch natural gas traded for EUR 131.1 around noon Wednesday. Now the EU vows action.

By Elena Mazneva & Todd Gillespie, Bloomberg News

European gas prices surged again, bringing their gains over just two days to 60 percent, as the impact of soaring energy costs rippled through equity and bond markets and the European Union sounded the alarm.

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