As severe economic sanctions continue on Russia, there is growing concern about the supply of natural gas and crude oil from Russia in the Western energy market, and energy prices are on the rise, with the index price of natural gas reaching its highest level in Europe. it is continuing.
In the European energy market, natural gas prices continued to rise following Russia's invasion of Ukraine, and the index price of natural gas called "Netherlands TTF" temporarily exceeded 200 euros per megawatt hour in the transaction on the 4th. Following the 3rd of the previous day, we updated the highest price during the trading time.
As severe economic sanctions continue on Russia, there is a growing belief that supply from Russia, Europe's largest source of natural gas, may cease.
In addition, in the New York crude oil market on the 4th, the futures price of WTI, which is an international indicator of crude oil prices, has risen from the $ 107 level per barrel at the end of the transaction on the previous day, and has been on an upward trend such as temporarily hitting the $ 116 level. it is continuing.
Market officials said, "We are still uncertain about how long the upward trend in energy prices will continue," and there is growing concern that if the price continues to rise, it will further accelerate record inflation in Europe and the United States.