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European Gas Declines as Warm Weather Keeps Demand in Check

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European natural gas fell after two days of gains as unseasonably warm weather curbs demand and eases concerns about shortages for the winter. 

Futures for December delivery dropped as much as 10%. The above-normal temperatures have delayed heating, and allowed gas to continue to be injected into storage sites that are already fuller than normal. Strong inflows of liquefied natural gas and lower consumption by industries are also creating a sudden glut in Europe.