European natural gas prices plunged from a record close after Russia topped up fuel to the region at the last minute. Dutch next-month futures fell as much as 16%, with the move from Russia easing supply fears already alleviated by expectations of more liquefied natural gas cargoes reaching the continent. Weather forecasts are also indicating that a cold snap from next week won’t last as long as previously expected. The market is still headed for its longest run of weekly gains since July as storage levels are at their lowest ever for this time of year, promising a tough winter with plenty of more volatility to come. Traders remain unsure of what Russia’s supply strategy will be given increasing political tensions with the west over Ukraine. “Whatever the unknown reason for the late booking is, it very clearly highlights the problem Europe is facing with rapidly falling stocks,” said […]