U.K. Gas Erases Gains as Crude Drops Amid Mixed OPEC Signals
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U.K. natural gas reversed gains as crude extended declines amid mixed signals from OPEC on whether the group will agree tomorrow to cut oil supply to aid prices.
Front-month gas in the U.K., Europe’s biggest market, fell as much as 1.6 percent on the ICE Futures Europe exchange in London. The day-ahead contract slumped the most in three weeks on the National Balancing Point hub. Dutch gas for December lost as much as 1.4 percent on the Title Transfer Facility hub.