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Gas price renews a historical record


29 September 2021

On September 28, the gas price (#GAZ) broke through the incredible $6 per MMBtu (British Thermal Unit) level. Since the beginning of the day, the gas price has already risen by more than 5%. Such value was recorded last time in December 2009. The main pusher of gas prices is the fuel deficit in European storage facilities. Last winter was tough, it negatively affected gas supplies. Due to interruptions in supplies over the summer, the storage facilities managed to fill only by 75%, and the new heating season is already starting.

The global decline in production and a decrease in supplies from the United States and Russia have also affected the gas price.

Why to trade gas?

Gas is the third most popular energy source in the world. Fuel is used for heating, cooking, electricity, chemicals, cultivation and more. Gas prices are constantly fluctuate, and offer traders huge opportunities to make decent profit.

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