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Surge in UK wholesale gas prices fuels winter energy crisis fears

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Analysts say crisis that has led to collapse of suppliers and threatened factory production could deepen

Wholesale gas prices have reached new all-time highs, stoking concern that a cold winter could deepen a crisis that has led to the collapse of multiple energy suppliers and raised fears of factory shutdowns and soaring bills.

The cost of coal and carbon emissions permits also hit record levels on Tuesday, while crude oil exceeded $80 a barrel for the first time in three years, amid a widening global energy supply crisis.

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