European gas prices hit near four-year high on LNG supply crunch

Bloomberg+2 ·
European gas prices hit near four-year high on LNG supply crunch
  • European natural gas prices rose to a nearly four-year high, per Investor's Business Daily.
  • Indonesia announced in late October that it would reduce natural gas exports to Singapore.
  • U.S. natural gas futures recovered much of their early losses on Oct. 26 but still settled lower after weather outlooks warned of further losses.