European Gas Prices Rise as Hotter Weather Blankets Region
European natural gas prices reversed a three-day slide as above-normal temperatures started covering the continent, potentially driving up fuel use for air conditioning.
Benchmark futures gained as as much as 2.2% on Wednesday. Temperatures across Europe are set to remain above average during the next two weeks, with cooling demand set to spike to its highest level since July 2022, according to data from Atmospheric G2. In London, temperatures will reach the heat wave threshold, exceeding 30C.
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