European natural gas prices rebounded Tuesday after signs emerged of how policymakers on the continent plan to intervene in the energy crisis. 

The European Commission is expected to unveil draft measures to mitigate skyrocketing energy costs Wednesday. Leaked documents that could ultimately change showed that a price cap on both Russian natural gas and other gas imports won’t be among the emergency tools put forward to handle the crisis. 

European Union (EU) energy ministers met Friday to discuss a host of intervention options, which had weighed down prices. The Title Transfer Facility (TTF) gained across the curve Tuesday, when the prompt contract added nearly $2 to finish above $58/MMBtu. 

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