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European Gas Reverses Drop With Traders Awaiting Russian Exports

From bnnbloomberg.ca

Europe’s benchmark gas prices increased, reversing earlier declines, as traders remain undetermined on how to react to Russia’s attempts to increase exports. Futures have been volatile in recent days, diving to half of last week’s record level earlier Tuesday, following expectation of increased Russian supply and milder weather. Energy markets have only “grown more uncertain” since late September, Citigroup Inc. wrote in a note. The bank raised its natural gas price forecast as it sees limited evidence that Russia has capacity to ramp up exports while weather uncertainties continue. Dutch front-month rose 1.7% to ... (full story)

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  • Category: Fundamental Analysis