European gas falls further amid mild weather and ample supplies

Prices have been sliding over the past week with mild and windy weather curbing demand for gas. Photographer: Liesa Johannssen/Bloomberg

European natural gas prices fell for a fifth day as temperatures stay mild into the new year while supplies remain plentiful.

Benchmark futures declined as much as 4.7%, after closing at the lowest level since mid-June on Wednesday. Prices have been sliding over the past week with mild and windy weather curbing demand for gas.