European Gas Rises With Late-Winter Cold Snap in Sight
- Benchmark fell on Friday to lowest in almost 18 months
- Colder weather is expected in parts of Europe later this week
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European natural gas prices rose on the prospect of a late-winter cold snap, after falling last week to the lowest level in almost 18 months.
Benchmark futures advanced as much as 5.4% after dropping below €50 on Friday. Temperatures in cities including London and Madrid could fall from unseasonably high levels by the end of the week, with colder weather potentially persisting into early March.