Commodities

European Gas Hovers Near 2025 Low Before Zelenskiy-Trump Talks

Pipework at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic.

Photographer: Milan Jaros/Bloomberg

European natural gas prices hovered near a fresh 2025 low ahead of US President Donald Trump’s meeting with Ukraine’s Volodymyr Zelenskiy, who faces pressure to reach a peace deal with Russia that involves ceding territory.

Benchmark futures slid as much as 2.4% on Monday but pared some losses by the close of trading. Prices had declined 4.4% last week. Algorithm-focused funds — which normally provide an early look at the mood of the market — have turned less bullish since the start of the month, amplifying the recent decline.