Europe Gas Jumps as Dutch Field to Close and Heat Wave Persists
- Groningen field in the Netherlands set to close Oct. 1
- Scorching temperatures are bearing down on much of region
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European gas prices rose in a day of extreme volatility, as the Netherlands prepared to permanently close a major field, outages tightened regional supplies and a heat wave boosted demand.
Benchmark Dutch futures settled 7.4% higher at €41.15 a megawatt-hour. Earlier in the day, the contract spiked as much as 30%, the most since early September.