On Friday, February 17, 2023, oil prices fell, while gas prices fell to their lowest level in nearly two and a half years for the gaz American and for 18 months for gaz Europe In.

On Friday, the Dutch TTF futures contract, which is the benchmark on the European market, fell to 48,900 euros per megawatt hour. It was the first time since August 2021. American natural gas, for its part, ended at $2.2775 per MBtu (million British thermal units), the lowest since September 2020. While Moscow was sanctioned by the West after invading Ukraine, fears of shortages at the height of yesterday have subsided. They are caused by Russia's crucial role as a supplier to Europe.

According to Andy Lipow of Lipow Oil Associates, “European natural gas is 80% in Below its August highs and here in the United States, natural gas is also 75% below its highs.”

When it comes to oil, WTI American lost 2.73% to 76.34 dollars and European Brent for delivery in March fell 2.51% to 83.00 dollars. Thus, over the week, oil prices lost almost 3%, although the trend is less marked than for gas.