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European gas prices hit new highs as oil rises above $109

European natural-gas prices reportedly reached their highest level since 2022 amid low storage and fears of a winter price shock. Brent crude also rose above $109, while fuel prices reached new records in the supplied reports.

By DoomRadar · Published on DoomRadar .

Why it matters

Combined gas and oil price surges could raise household and industrial costs, intensify inflation and worsen Europe's winter energy vulnerability.

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