Gas prices in Europe drop to three-month low ...News

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Gas prices in Europe drop to three-month low
November futures on the Dutch TTF hub slumped on warmer-than-expected weather and increased LNG shipments European gas prices dropped to a three-month low on Monday, data from the London Intercontinental Exchange shows. November futures on the TTF hub in the Netherlands fell as much as 7.8% to €144 per megawatt-hour ($140) in early trading, the lowest intraday since July 1. Prices later regained some of the losses, trading at €150 per megawatt-hour around 10:00 GMT. However, they were still down nearly 10% over the past five trading days. The previous week saw the sharpest fall in gas prices since early September.

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