European gas prices also increased. November futures for the Dutch TTF benchmark traded above 90 per megawatt-hour on Thursday.

High energy prices could add to inflation and increase the likelihood that central banks keep interest rates higher for longer.

At the same time, a technology-led sell-off hit Wall Street on Thursday. The Nasdaq fell by 2.6 per cent, while the S&P 500 suffered its worst session since July.

Nvidia, the world’s most valuable listed company, dropped by 4.4 per cent and was the biggest drag on the S&P 500.

The chipmaker’s chief executive, Jensen Huang, unsettled investors by warning that a “scarcity of capital” was slowing the rollout of artificial intelligence.



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