Europe Gas Slumps With Broader Financial Markets on Demand Risks
- Futures follow oil and equities lower on economic weakness
- Traders on alert for potential escalation in Middle East
This article is for subscribers only.
European natural gas prices slumped, following a selloff in oil and broader financial markets amid mounting economic concerns.
Benchmark futures slid 3.1% after surging 13% last week. Global stocks plunged Monday on signs that the US economy is on the verge of deteriorating quickly, with the rout also pushing oil contracts lower.