Europe and UK gas prices hit record highs Friday and crude oil rallied, as Ukraine’s invasion by key producer Russia continued to stoke supply fears.<\/p>\n\n\n\n

Europe reference Dutch TTF gas price struck 213.895 euros per megawatt hour in afternoon deals and UK gas hit 508.80 pence per therm.<\/p>\n\n\n\n

“There is apparently fear of disrupted gas flows from Russia, although flows look normal until recently,” <\/em><\/strong>Commerzbank analyst Carsten Fritsch told AFP.<\/em><\/p>\n\n\n\n

There is also speculation that oil and gas flows from Russia could be sanctioned directly, which has been avoided for now. <\/p>\n\n\n\n

“The seizure of the large Ukrainian nuclear plant by Russian troops has certainly added to this speculation.”<\/em><\/strong><\/p>\n\n\n\n

Meanwhile, Europe’s London Brent North Sea crude leapt 4.7 percent to $115.63 per barrel, having surged to a 2012 peak close to $120 on Thursday. New York’s West Texas Intermediate oil soared 5.5 percent to $113.54 on Friday, one day after touching a 2008 pinnacle at $116.57.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK gas hit 508.80 pence per therm.<\/p>\n","protected":false},"author":7,"featured_media":7012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,114,43,30,53,109],"tags":[914,234,350,1664,2085],"class_list":["post-7011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-business","category-europe","category-international","category-people","category-politics","tag-europe","tag-mwanzo-tv","tag-mwanzotv-com","tag-russia","tag-ukraine"],"rttpg_featured_image_url":{"full":["https:\/\/mwanzotv.com\/wp-content\/uploads\/2022\/03\/image-17.png",975,551,false],"landscape":["https:\/\/mwanzotv.com\/wp-content\/uploads\/2022\/03\/image-17.png",975,551,false],"portraits":["https:\/\/mwanzotv.com\/wp-content\/uploads\/2022\/03\/image-17.png",975,551,false],"thumbnail":["https:\/\/mwanzotv.com\/wp-content\/uploads\/2022\/03\/image-17-150x150.png",150,150,true],"medium":["https:\/\/mwanzotv.com\/wp-content\/uploads\/2022\/03\/image-17-300x170.png",300,170,true],"large":["https:\/\/mwanzotv.com\/wp-content\/uploads\/2022\/03\/image-17.png",640,362,false],"1536x1536":["https:\/\/mwanzotv.com\/wp-content\/uploads\/2022\/03\/image-17.png",975,551,false],"2048x2048":["https:\/\/mwanzotv.com\/wp-content\/uploads\/2022\/03\/image-17.png",975,551,false]},"rttpg_author":{"display_name":"Leah Ngari","author_link":"https:\/\/mwanzotv.com\/author\/leah\/"},"rttpg_comment":0,"rttpg_category":"Asia<\/a> Business \/ Finance<\/a> Europe<\/a> International<\/a> People<\/a> Politics<\/a>","rttpg_excerpt":"UK gas hit 508.80 pence per therm.","_links":{"self":[{"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/posts\/7011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/comments?post=7011"}],"version-history":[{"count":1,"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/posts\/7011\/revisions"}],"predecessor-version":[{"id":7013,"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/posts\/7011\/revisions\/7013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/media\/7012"}],"wp:attachment":[{"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/media?parent=7011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/categories?post=7011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mwanzotv.com\/wp-json\/wp\/v2\/tags?post=7011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}