European Gas Prices Extend Weekly Slump as Winter Weather Fades
- Dutch, UK futures post biggest weekly decline since December
- Milder weather, strong LNG inflows are pushing prices lower
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European natural gas futures posted their biggest weekly drop this year as milder weather curbs demand and supply concerns ease.
Benchmark front-month contract settled 3.4% lower on Friday after a volatile session, slumping 19% for the week. Day-ahead prices also fell.