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European Gas Jumps as Energy Conflict With Russia Escalates.
Natural gas prices in Europe surged after Russia said it may cut off supplies via Ukraine, the last route still delivering the fuel to western Europe.
Benchmark futures surged as much as 12%, jumping for a second day. The warning ratchets up the energy conflict with Europe, coming just after major leaks were reported on the Nord Stream pipelines that European authorities are calling a act of sabotage. The situation heightens concerns over shortages with the heating season just days ahead, countering efforts by nations to quickly fill up storages and curb consumption.
