Natural-gas futures on Friday notched their highest close since May 2015 as traders bet that warmer weather will help to ease a glut of supplies in the U.S.
Oil futures, meanwhile, settled higher to tally their first weekly gain in three weeks. Prices found support from some upbeat U.S. economic data and a sixth-straight weekly decline in domestic crude inventories despite a weekly climb in the number of U.S. rigs drilling for oil.
August natural gas NGQ16, +2.12% rose 6.3 cents, or 2.2%, to settle at $2.987 per million British thermal units on the New York Mercantile Exchange. The settlement was the best since May 18, 2015.
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Oil futures, meanwhile, settled higher to tally their first weekly gain in three weeks. Prices found support from some upbeat U.S. economic data and a sixth-straight weekly decline in domestic crude inventories despite a weekly climb in the number of U.S. rigs drilling for oil.
August natural gas NGQ16, +2.12% rose 6.3 cents, or 2.2%, to settle at $2.987 per million British thermal units on the New York Mercantile Exchange. The settlement was the best since May 18, 2015.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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