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UNL - Natural Gas Prices Adding To Inflationary Cost Pressures
United States 12 Month Natural Gas Fund
According to the Financial Times, natural gas prices in Europe and the U.K. have soared to some of the highest levels on record.
In Europe, the continent’s largest supplier, Russia, is not responding to higher demand and rising prices as would previously have been the case.
In Asia, power demand in the face of reduced water supplies to hydro have driven up not just natural gas but coal prices, something that hasn’t been a significant feature in the U.S. yet.