European gas prices rise for third day, up 3.5 percent

European gas prices continued to rise for a third straight day, climbing 3.5 percent as withdrawals from storage accelerated.

The increase follows a period of decline driven by optimism over a potential diplomatic resolution to the conflict, but limited progress in talks has reignited market concerns.

These developments come as European gas inventories fall below usual levels, with liquefied natural gas deliveries also lagging behind the same period last year.