U.S. natural gas futures recovered some of Tuesday’s heavy losses with freezing weather continuing this week across much of the country and traders keeping an eye on the outlook for February.
European natural gas jumped after Germany signaled it may subsidize the refilling of storage sites, spurring spot demand for the fuel and further driving a seasonal price spread.
European natural-gas prices jumped back their highest level since the first trading day of the year as freezing weather in Texas threatened U.S. LNG exports.