European Gas Prices Recover From Plunge as Volatility Persists
- Benchmark Dutch futures dropped 14% in earlier trading
- Hot weather, unplanned outages have put traders on edge
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European gas prices recovered from a steep drop Monday, as volatility that has dominated the market this month continues amid supply risks and hot weather.
Benchmark futures settled little changed after dropping as much as 14% earlier Monday. Still, prices are up about 30% since the start of the month, following a series of unplanned outages and hot weather warnings which put traders on edge about the balance of fuel supply and demand.