Natural Gas Up as Crude Oil Futures Fall on Thursday

Oil settled with a slight loss while natural gas futures appeared on the rise Thursday, according to a report by Bloomberg MarketWatch.

On the New York Mercantile Exchange, July West Texas Intermediate crude fell 27 cents, or 0.6%, to settle at $44.46 a barrel after losing 3.7%.

August Brent crude, the global benchmark, dropped 8 cents, or 0.2%, to end trading at $46.92 a barrel on the London ICE Futures Exchange.

Elsewhere in the energy market, natural gas prices rallied after the Energy Information Administration reported domestic supplies rose by a smaller-than-expected 78 billion cubic feet for the week ending June 9.

On the New York Mercantile Exchange, July natural gas rose 12.3 cents, or 4.2%, to settle at $3.056 per million British thermal units, marking its highest settlement since May 31.

 

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