Europe Gas Prices Extend Fall as Traders Evaluate Supply Strains
- Prices slide for second consecutive day after volatile trading
- Hot weather, supply risks caused prices to zigzag in last week
Residents relax on the bank of Alster lake in the warm weather in Hamburg, Germany, on June 9.
Photographer: Maria Feck/BloombergThis article is for subscribers only.
European natural gas futures eased for a second consecutive day on Tuesday, easing some strains on the market after days of volatile trading.
Month-ahead Dutch benchmark futures fell as much as 8.5%, signaling that traders still see sluggish industrial demand and high inventory levels partially offsetting supply risks as the region prepares for the upcoming winter.