Tuesday, February 3, 2026 at 8:55 AM
European gas prices fell sharply due to forecasts for milder weather, reversing last week's rally driven by a winter storm in the U.S. that had increased heating demand.
European natural-gas prices rose. ANZ Research said traders remain concerned that the risk of a late season cold spell could boost demand.
European natural-gas prices fell despite low storage levels, with the benchmark Dutch TTF contract down 7.7%.
Natural-gas prices retreated sharply after last week’s rally, as milder weather forecasts eased concerns over supply.
U.S. natural gas futures rose as the March contract moved to the front of the curve with enough cold weather ahead to keep up solid heating demand.
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