European Gas Posts Fourth Weekly Loss as Winter Reserves Fill Up
- Gas storage sites are about 87% full, with more LNG coming
- Risks remain, days ahead of the start of winter heating season
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Natural gas prices in Europe fell for a fourth week, as ample supplies of LNG help countries fill reservoirs days before the start of the heating season.
Benchmark Dutch futures settled 1.1% lower on Friday, extending their longest weekly losing streak since June. Yet, prices are still about six times higher than normal for the time of year.