Europe Gas at 5-Year Summer Low With Traders Relaxed on Russia
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European gas prices started the summer season at a five-year low, signaling easing concern about disruptions to Russian supply and below-average reserves.
In the U.K. market, the region’s biggest, gas fell 8.3 percent in March, the largest drop since December. Prices retreated as deliveries of gas by ship and Russian fuel through pipelines accelerated, boosting optimism that suppliers can refill inventories that are the smallest for the time of year since 2013.