European natural gas futures surged and then fell back, as investor concerns about the impact of the latest round of conflict between Israel and Iran on supply eased
On Monday (June 16), in the European market's late trading, ICE UK natural gas futures fell by 0.72%, reported at 89.150 pence per therm, having risen to 93.770 pence at 19:21 Beijing time, approaching the April 7 peak of 94.660 pence and the April 2 peak of 103.260 pence.
TTF benchmark Dutch natural gas futures rose by 0.67%, reported at €37.750 per megawatt hour, having risen to €39.300 at 19:44, nearing the April 3 peak of €40.500.
ICE EU carbon emission trading allowances (futures prices) fell by 1.45%, reported at €74.00 per ton, moving away from last Friday's highest level of €75.78 since February 17