EQNR - European oil and gas prices post healthy gain coal prices post record

On the back of Germany's energy policy U-turn over the weekend and as broader financial sanctions burdened commodity traders, European energy prices rallied Monday. Benchmark Brent oil prices (NYSEARCA:USO) closed up ~4% with BP (NYSE:BP) cancelling Russian cargo loadings, and ahead of a much anticipated OPEC+ meeting later in the week. TTF natural gas prices for April delivery rose ~6% Monday, though remain ~25% below peak levels seen last week. Thermal coal prices spiked more than 15% during Monday trading, and are set to close at all-time highs.  Picking winners and losers in the energy sector has not been without risk, as Equinor (NYSE:EQNR), Shell (NYSE:SHEL) and BP (BP) have all announced plans to walk away from Russian domiciled assets.  With oil up, Canadian producers like Cenovus (NYSE:CVE) are likely to benefit, while rising gas prices should support NRT (NYSE:NRT), and sky high coal prices lift names like CONSOL (NYSE:CEIX) and

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European oil and gas prices post healthy gain, coal prices post record