After a big jump last week, Europe’s natural gas prices have plunged sharply this week on news that Germany’s gas stockpiles are running ahead of schedule. Benchmark Dutch front-month futures crashed 21% on Monday, reversing last week’s 40% jump after Germany’s Economy Minister Robert Habeck revealed that the country’s gas stores are filling up fast and are on target to meet the October target of 85% full.
Monday’s plunge has brought some relief after a furious rally, though futures are still trading almost…European Gas Prices Plunge As Germany Fills Storage Ahead Of Schedule
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