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European Gas Hit Record 100 Euros as Energy Crunch Worsens

  • Prices then retreated with traders seen “in for a wild ride”
  • Russian gas flows into Germany’s Mallnow station plunge 77%
Bloomberg business news
WATCH: Bloomberg’s Dan Murtaugh explains why the energy crisis in China and Europe is a global issue.(Source: Quicktake)
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European gas surged to a record 100 euros as China stepped up a global fight for energy supplies, in a move that threatens to derail the economic recovery. Prices later retreated.