European Gas Climbs Amid Fresh Supply Risks and Cold Snap
- Futures gained after new Houthi attacks in the Red Sea
- Storage, LNG flows help meet higher demand amid cold snap
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European natural gas prices climbed in volatile trading amid more attacks on vessels in the Red Sea and a cold blast on the continent.
Benchmark futures rose as much as 3.1% on Wednesday to snap a two-day drop, after earlier fluctuating. Houthi rebels carried out their largest missile and drone attack to date on ships in the Red Sea, forcing a response from the US and the UK.