European natural gas prices have fallen to levels last recorded before Russia’s full-scale invasion of Ukraine in February, as warmer weather helps the continent to preserve its reserves.
The Dutch TTF gas future for the coming month, the benchmark European contract, dropped as much as 7.4 per cent on Wednesday to €76.78 per megawatt hour — its lowest level in 10 months, according to data from Refinitiv. That price was last logged just before Russia launched its attack on Ukraine.
However, the price later rebounded to trade 2.8 per cent down on the day, at €80.55.
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