European Gas Prices Fall as Ministers Push for Agreement on Cap
- Ministers to discuss lower cap level than initially proposed
- Region is also seeing a reprieve from recent cold snap
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European gas futures declined amid milder weather and a key European Union meeting aimed at averting extreme price swings once winter gets well under way.
Benchmark futures slipped as much as 7.4%. Prices are now slightly lower than where they were at this time last year, though they remain almost triple the five-year average as Russia limits flows to the continent.