US Natural Gas Surge 9% On Tuesday Amid The Rising Tension In Ukraine

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The rising demand for US energy followed an abstention from Russian gas. Still, Russia remains one of the world’s largest producers of oil and Germany believes that the Russian oil ban could put Europe in crisis.

We will be harming ourselves, that much is clear,” Robert Habeck Chancellor of Germany said, according to the Financial Times. Habeck said Europeans should be prepared to bear the cost in order to help Ukraine, “but there’s no way this won’t come at a cost to us.