Europe Gas Approaches Oversold Levels as Demand Set to Recover
- Front-month contracts fluctuate between gains and losses
- Mild weather and hefty stockpiles are keeping a lid on prices
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European natural gas futures fluctuated near technical levels that signal the contracts may have been oversold.
Benchmark front-month Dutch gas flipped between gains and losses on Tuesday, and touched the lowest level since July. Lower prices may help demand recover after it has been bruised by the energy crisis in recent years.