European Gas Prices Rise for Fourth Straight Week to 2022 High

The signal here is less the price level than the persistence: four consecutive weekly gains, with the benchmark touching its highest since late 2022, suggests the market is repricing geopolitical supply risk rather than reacting to a single event. That matters most for European utilities and energy-intensive manufacturers heading into peak demand season, where gas costs feed directly into power contracts that also rose. The open question is whether the Middle East risk premium keeps building or fades once the immediate headlines settle — and whether sustained strength in gas and power starts to show up beyond the futures curve.