Europe Gas Swings as Strong Storage Weighed Against Spring Risks
- Continued protests in France have sparked supply concerns
- Another wave of low temperatures is forecast for next week
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European natural gas prices fluctuated as traders weigh continued disruptions to French energy networks against strong fuel supplies at the end of the heating season.
Benchmark futures swung between gains and losses on Wednesday. Europe is heading into spring having seen out an energy crisis that at one point threatened to overwhelm the economy. Yet mostly mild winter weather and strong flows of liquefied natural gas have helped to avoid major strains, with markets now looking at how reserves will fare into next winter.