European Gas Gyrates as Russian Supply Risk Stalks Market
- Futures close higher, trimming biggest weekly drop this year
- Traders remain on edge about potential disruptions, sanctions
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European natural gas swung between gains and losses as the market continues to face volatility over the risk of a cut in supplies from Russia.
Benchmark futures closed higher Friday after erasing an 11% decline and paring the biggest weekly drop this year. Prices have halved from the record high hit early this week.