European Gas Follows Crude Lower Amid Ukraine Peace Uncertainty

European natural gas prices tracked crude oil prices lower as the market assesses stalled progress in US efforts to end Russia’s war in Ukraine.

Benchmark futures settled 0.9% lower, still hovering near levels they’ve been at since Friday.

Traders are waiting for developments on President Donald Trump’s efforts to end Russia’s war. While the discussions pushed prices to a one-year low earlier this month, progress has stalled since then and peace prospects remain uncertain.

The Department of Homeland Security issued a notice on Monday to double tariffs on all Indian imports as the US sought to penalize the country for ...