European natural gas futures are likely to fall this week as traders assess the impact of the EU's latest sanctions against Russia.

The natural gas prices in Europe are expected to fall this week, as temperatures are forecasted to drop for the rest of the month and traders are evaluating the impact of the European Union's latest sanctions against Russia. The benchmark futures prices are expected to drop by over 3% by the end of the week, with prices fluctuating on Friday after the EU approved a new package of sanctions against Russia, including revising the upper limit on oil prices.