Europe Gas Wipes Out Gain as Market Braces for More Trade Issues
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European natural gas prices erased an earlier jump as traders digested Donald Trump’s 90-day pause on tariffs, signaling persistent concerns that the unfolding trade war will hurt the economy and global energy demand.
Benchmark futures hovered below €34 a megawatt-hour on Thursday afternoon, wiping out the morning’s 8% advance that came on the back of Trump’s tariff pause. They’re still trading about 18% lower since Trump’s initial announcement last week.