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Bloomberg
European natural gas prices rose on the prospect of a late-winter cold snap, after falling last week to the lowest level in almost 18 months.
Benchmark futures advanced as much as 5.4% after dropping below €50 on Friday. Temperatures in cities including London and Madrid could fall from unseasonably high levels by the end of the week, with colder weather potentially persisting into early March.
“The forecast is colder from prior, with more widespread below normal anomalies now featured in the West,†Maxar Technologies Inc. sad in a report Monday.
Europe has so far managed to get through winter without energy rationing or blackouts, but the looming cold spell is a reminder that there is still a month left in the season.