European Gas prices extend losses – ING

European gas prices are continuing to decline due to mild weather impacting demand. ING's commodity analysts point out that with below-average EU storage levels and a heavily short-positioned market, prices may find support if colder temperatures hit later this month. This creates a landscape where careful analysis will be essential for gas trading. The U.S. supply situation also plays a critical role that can affect gas prices moving forward. Although demand has significantly decreased in the short term, sudden weather changes could alter the dynamics of supply and demand, warranting vigilance from investors.