0944 GMT - European natural-gas prices surged in early trade amid growing uncertainty over peace talks following a public clash between U.S. President Trump and Ukrainian President Volodymyr Zelensky. The benchmark Dutch TTF contract is up 5.2% at 46.65 euros a megawatt hour after closing at 44.32 euros last week. Talks to end the war in Ukraine had raised prospects that some Russian gas flows could resume soon, pushing prices lower despite concerns over fast depleting inventories in Europe. However, the outlook now appears uncertain, with European leaders set to forge a peace plan to present to Trump. Meanwhile, the market is bracing for a potential cold snap later in March that could boost energy consumption. EU storage levels are currently 38.2% full. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 04:44 ET (09:44 GMT)
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