European Gas Pares Losses as Brief Cold Spell Set to Test Demand
- Region to face colder weather that may encourage heating
- Higher temperatures seen returning by end of November
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Natural gas prices in Europe pared losses ahead of what is expected to be the first brief cold snap testing the region’s resilience ahead of the winter.
While weather forecasts point to warmer temperatures at the end of November and early December, they will will drop below seasonal norms on Friday, pushing up demand as households might finally switch on their heaters.