European natural gas futures fluctuated near technical levels that signal the contracts may have been oversold.
European gas prices
European natural gas prices extended gains as a slump in Norwegian exports added to lingering concerns about possible disruptions at key Australian export facilities.
European natural gas surged to a record as supply fears were compounded by traders trying to avoid exposure to a key Russian player in the market.
European natural gas extended its declining streak to the longest in more than a year as shipments from the U.S. look set to ease the region’s energy crunch.