European Gas Erases Gains as Traders Assess Transit Point Attack

European natural gas prices erased a knee-jerk jump triggered by an attack on an inactive pumping station in Russia’s Kursk region.

Benchmark futures settled 0.6% lower on Friday after surging as much as 6.2% in early trading. The blast affected the Sudzha gas metering station, part of a link that sent fuel to Europe until recently, with Russia and Ukraine blaming each other for the shelling.