European Gas Falls to Lowest Level Since Before War in Ukraine
- Mild weather and ample LNG supplies ease market concerns
- Weather forecasts point to temperatures above seasonal norms
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European natural gas prices started the new year with slight gains as traders faced low holiday liquidity and a mild weather outlook.
Benchmark futures settled higher on Monday after initially falling to the lowest level since before Russia invaded Ukraine. While weather forecasts point to temperatures above seasonal norms for most of the region in the next two weeks, Europe still needs to manage its stocks carefully as it goes through the winter.