European Gas Prices Rise 2.7% on Middle East Uncertainty, Low Reserves

European natural gas prices rose 2.7% on Wednesday, with the Dutch TTF benchmark exceeding 87 euros per MWh, reversing a recent decline driven by hopes for a diplomatic resolution to the conflict. The uptick is attributed to renewed Middle East uncertainty, lower-than-usual European gas reserves, and LNG supply lagging last year's pace. This signals persistent supply-side fragility in the European energy market.

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