European Gas Stretches Weekly Gain as Cold Snap Reminds of Risks
- Prices find support from cold weather, higher gas consumption
- Traders weigh healthy reserves against potential supply risks
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European natural gas prices extended their weekly gain, with traders weighing forecasts for colder weather and supply risks against healthy fuel stockpiles.
Benchmark futures jumped on Friday, climbing about 14% for the week, as heating demand is expected to drag on for longer with forecast temperatures below normal for much of the continent at the start of April.