European Energy Prices Mixed Amid Mild Weather, Nuclear Troubles
- France’s EDF again cut its 2022 nuclear-power forecast
- Recent mild weather has curbed demand for natural gas
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Energy prices in Europe were mixed on Friday, with the unseasonably warm weather countering worries about nuclear generation in France.
French power advanced, with contracts for January surging as much as 24%. Benchmark gas futures erased gains to settle 8.5% lower as recent mild weather and ample stockpiles gave Europe some respite, but risks remain as global fuel supplies are tight.