European Gas Rises as Traders Watch Spikes in Global Demand

European natural gas extended this week’s gains, with traders weighing ample supplies with pockets of higher demand in different parts of the world that could potentially tighten the market.

Benchmark futures added 2.5%, the biggest daily increase in three weeks, and settled at the highest since June 25. The advance follows a relatively calm period, where historic 10-day volatility dropped to levels last seen in September 2021.