European Gas Prices Hit $96.3/MWh, Highest Since 2022 on Winter Stock Concerns

European natural gas prices have risen to $96.3 per megawatt-hour, the highest level since 2022, driven by concerns over declining inventories as winter approaches. The price surge reflects tightening supply conditions and heightened market sensitivity to potential supply disruptions. This development signals increased energy cost pressures for the region, with implications for inflation and economic activity.