British and Dutch gas prices fell on Friday morning after sharp gains the previous day on the Russian invasion of Ukraine. In the Dutch gas market, the front-month contract fell by 27.50 euros to 108.50 euros per megawatt-hour (MWh) by 0816 GMT, having risen to an intraday high of around 140 euros/MWh on Thursday. The price for April was down 5.50 euros at 110.50 euros/MWh, while the May contract was down 16.50 euros at 107.50 euros/MWh. In the UK gas market, the weekend gas price was down 15.00 pence at 261.00 pence per therm, while the summer 2020 contract slumped by 70.00 pence to 260.00 p/therm. “This is perhaps a correction after the massive hike yesterday but the market will still be extremely volatile,” a gas trader said. Missiles pounded the Ukrainian capital on Friday as Russian forces pressed their advance and Ukrainian […]