Gas Prices Climb as Supply Threats Mount Ahead of Winter
- Mounting threats to gas supply sending most global fuel prices higher as winter nears
- Europe benchmark gas futures jumped to 8-month high due to Israel-Hamas conflict, potential strikes, and pipeline sabotage fears
- Market more fragile despite high inventories, lower demand, as any supply disruptions could cause price spikes
- Conflicts, like Israel-Hamas war, spook markets as traders take positions on potential Middle East supply impacts
- Financial players lured by volatility piling into European gas futures, while LNG deals surge to secure supply amid threats
