European Consumers Face Ongoing Energy Price Volatility and Inflation Risks Despite Some Relief
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Europe's energy crisis continues to impact consumers as volatile oil and gas markets remain under pressure from conflicts and weak global economy.
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Natural gas prices spiked over the summer but have since fallen due to high inventories and slowing Eurozone economy reducing demand.
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Warmer winter weather forecast for Europe could further reduce natural gas demand and prices in near-term.
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But energy markets will remain prone to supply shocks and volatility from geopolitical uncertainty.
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For consumers, this means more budget uncertainty and potential inflation if energy prices stay high, hurting spending power.