Gas prices in Europe continued to rise after China announced it is considering the possibility of holding trade talks with the United States, triggering a broader market rally.
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Benchmark front-month futures rose by about 2.5% on Friday, erasing previous losses. Volatile trading over the past few days led to a weekly gain of 1.2% in futures, according to the economic news outlet Bloomberg.
Dutch front-month gas futures—which serve as the benchmark for gas prices in Europe—increased by 2.12% to €32.83 per megawatt-hour.
