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Europe Gas Poised for Third Weekly Loss Amid Push to Ease Crisis

  • Benchmark futures fall on Friday after gains earlier this week
  • EU governments continue work on plans to provide relief
Bloomberg business news
WATCH: Germany has seized the local unit of Russian oil major Rosneft. Todd Gillespie reports.Source: Bloomberg
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Natural gas prices dropped on Friday, heading for a third weekly loss, as the European Union seeks consensus on its plans to ease the worst energy crisis in decades.

Benchmark futures fell as much as 9.6%, following extreme volatility this month. Rising gas stockpiles and ample supplies of liquefied natural gas have pulled prices back from August records, but they’re still more than seven times higher than the typical levels for this time of year.