European Gas Futures Retreat from 2024 Highs

Europe’s benchmark natural gas prices slumped on Monday from their 2024 high from last week as Israel’s retaliation for the Iranian missile strike was limited in scope and targets and avoided energy infrastructure in Iran.  Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were trading down by 3% to $45.68 (42.20 euros) per megawatt-hour (MWh) at 1:45 p.m. in Amsterdam on Monday.   The futures prices fell from their 2024 high hit last week after an outage in Norway made traders nervous while…