U.K. Natural Gas Jumps to 1-Year High on Weather, Storage Limits
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U.K. day-ahead natural gas prices surged to their highest in more than a year as Centrica Plc restricted withdrawals from the nation’s biggest gas store and freezing weather gripped Europe’s biggest market.
Gas for tomorrow jumped as much as 8.3 percent while the within-day contract rose as much as 11 percent. Minimum temperatures in London are forecast to be below freezing in seven of the next 10 days, compared with a 30-year average of 3 degrees Celsius (37 Fahrenheit), CustomWeather Inc. data on Bloomberg show.