European natural gas prices slumped to the lowest in more than a week as Russian supplies gradually increased before trimming losses as optimism of a significant boost in shipments waned.

Benchmark Dutch futures fell as gas flows to Europe via Ukraine and Poland edged higher Wednesday. But the capacity that Gazprom PJSC booked on the Ukrainian-Slovakian border only brings that route’s supply to levels already agreed under an existing long-term transit agreement. With colder weather forecast, there’s concern that what is eventually delivered won’t fully ease Europe’s energy crunch.

Bloomberg