U.K. Spot Gas Falls as Record Storage Flows Offset Norway Cuts
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U.K. natural gas for spot delivery fell after reaching a one-month high as record withdrawals from storage sites offset reduced flows from Norway.
Same-day gas declined 1.7 percent after advancing as much as 5.8 percent to the highest level since Dec. 29, according to broker data compiled by Bloomberg. Withdrawals from storage sites jumped to the highest level since Bloomberg started compiling National Grid Plc data in April 2013, helping meet increased demand amid colder-than-normal temperatures.