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European Gas Stuck in Five-Week Range as Stockpiling Progresses

European Gas Stuck in Five-Week Range as Stockpiling Progresses

Bloomberga day ago
European natural gas prices continued to trade in the narrow range they've been stuck in for around five weeks as the region steadily boosts fuel stockpiles for next winter.
Benchmark futures hovered near €34 a megawatt-hour after settling slightly higher in the previous session. Contracts have mostly traded between €32 and €35 a megawatt-hour since late June, with July seeing the narrowest monthly range so far this year.
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