Europe Gas Records Third Weekly Gain on Australia Strike Jitters
- Key negotiations loom on strikes at Australian LNG plants
- European gas storage levels reached 90% capacity early
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European natural gas futures posted a third weekly gain as concerns over potential strikes in Australia inject renewed volatility into the market.
Benchmark futures soared more than 18% on Tuesday, before partially retreating through Friday. Still, the moves have left the contract 3.1% up this week and almost 30% higher this month.