European Natural Gas Futures Signal Concern About Next Winter ...Middle East

Despite short-term bearish factors and relatively low natural gas prices for the nearest months, the longer-dated futures of Europe’s benchmark prices have rallied in recent weeks, suggesting that the market is jittery about European gas supply for next winter. The front-month futures at the TTF hub, the benchmark for Europe’s gas trading, were at $47.64 (43.65 euros) per megawatt-hour (MWh) as of 11 a.m. GMT on Tuesday. The nearest futures prices have been lingering around that range for weeks, as the winter ended, the weather turned…

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