European Gas Rises Again With Weather, Norway Supply in Focus
- Russian flows are steady, but ruble demand causes uncertainty
- Moscow signals some military reduction in key areas of Ukraine
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European natural gas rose for a second day amid cooler weather, lower Norwegian flows and uncertainty about Russia’s demand to be paid for shipments in rubles.
Benchmark front-month futures settled 5.7% higher at 108.38 euros per megawatt-hour. The contract retreated slightly from an earlier gain, after Russia said it would cut some military operations in Ukraine.