European gas rebounds with demand in focus after recent slump

“While the outlook has certainly improved, we still expect gas price volatility in the coming months,” analysts at JPMorgan Chase & Co. said in a note Friday. 

Benchmark futures jumped as much as 11% on Friday, erasing an earlier decline.

European natural gas prices rebounded as traders weighed the risk of demand picking up in some industries following a recent slump.

Benchmark futures jumped as much as 11% on Friday, erasing an earlier decline. While storage levels in the region are far above seasonal norms and imports of liquefied natural gas continue, a current cold spell is raising consumption.