European Natural Gas Prices Soar Past €80

European natural gas prices have surged to over €80 per megawatt-hour for the first time in more than three years. According to Investing.com, benchmark futures increased by as much as 6.8% to reach a high of €80.98 on Wednesday.

This significant price jump marks a milestone for European natural gas prices, which have more than doubled since the start of the war in the Middle East. However, it's essential to note that current levels remain below the peaks seen during the energy crisis.