Energy Prices Surge: WTI Near War Highs, EU NatGas Hits €100
WTI crude surges back near war highs despite a gasoline inventory build, while European natural gas crosses the €100 psychological mark on winter supply fears. US production rebounded to a record high.
What we know
An account on X reports WTI surging near war highs even as gasoline inventories build and US production rebounds to a record. The EIA print showed crude -1.892MM vs. -3.06MM prior, gasoline +3.87MM — several accounts on X both flagged the data. Simultaneously, another account on X reports European NatGas crossing the €100/MWh psychological mark as winter supply fears mount — compounded by the Dutch PM's statement that another account on X captured: 'No European ally is ready to purchase Russian energy.' Iran war costs hitting $47B per WaPo adds further geopolitical premium.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.