The hot summer and limited supply of natural gas from Russia, pushed European delivered future prices upward. EU burned more coal to fill up the gaps created by the reduced supply of gas. API2 August contract closed with a further $ 25 of increase week on week, to $373.35 from $348 last week. August 2022 contract hit a high of $410 on 8th Mar 2022 and a low at $ 94 on 3rd Jan 2022.
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