European Gas Prices Fall as Cold Blast Forecast to Break in Days
- Gas storage facilities are 87% full, higher than seasonal norm
- Northwest Europe temperatures seen returning to normal levels
This article is for subscribers only.
European natural gas prices declined as temperatures are forecast to return to more normal levels within the next few days.
Benchmark futures fell as much as 4% on Wednesday after edging higher a day earlier. A cold blast that’s gripped northern Europe over the first half of December is forecast to snap by next week, with temperatures seen hovering near the 30-year norm over the next month.