Oil futures finished higher for the first time in three sessions on Tuesday, rebounding from a Brexit-fueled selloff that sent crude futures to a seven-week low on concerns of a slowdown in the global economy.The threat of a union strike by Norwegian oil-and-gas workers and weakness in the U.S. dollar also provided support to prices.
Natural-gas prices, meanwhile, got a weather-related boost, with volatility tied to expiration of the July futures contracts, which rallied by more than 7%, helping to exacerbate the move.
August West Texas Intermediate crude CLQ6, +0.79% climbed $1.52, or 3.3%, to settle at $47.85 a barrel on the New York Mercantile Exchange, while August Brent crude LCOQ6, +0.64% gained $1.42, or 3%, to $48.58 a barrel.
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