Gas prices fell below $900 after the Russian troop withdrawal news.
Wednesday, February 16, 2022
European natural gas prices fell after Russia said units from the Western and Southern Military Districts would return to their bases after the exercise. In addition, Bloomberg reported that Putin promised the German chancellor an increase in energy supplies. The March TTF contract opened at $925 on ICE Futures on Tuesday. After the statements by the Russian Ministry of Defense about the troop movements, prices began to decline, and have now reached $883 per thousand cubic meters. Core European gas prices fell by almost 10%.