European gas prices fall to lowest in week while Brent Crude also drops  

European gas prices have been volatile in reaction to the Freeport outage, highlighting Europe’s increased dependence on liquefied natural gas imports

Brent crude futures hovered close to its lowest level since mid-June, following more than a 3% drop in the previous session. Picture: Danny Lawson/PA

European natural gas prices declined to the lowest level in a week, as supply risks abated with the partial restart of the Freeport LNG plant in Texas.

Benchmark futures fell as much as 3.2% on Monday after loadings resumed at the facility over the weekend.