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Europe Gas Holds Near 4-Month High With Focus on Tight Supplies

  • Germany seeks to limit impact of crisis; Uniper set for aid
  • Labor strikes this week threaten gas production in Norway
Updated on

European natural gas held near a four-month high, with traders weighing Germany’s efforts to end a supply squeeze and strikes in Norway threatening supplies.  

Benchmark futures settled up 1.3% at 165.07 euros per megawatt-hour, after earlier rising to the highest level since early March. The UK equivalent increased 2.9%.