Oil futures lost more than 2% on Thursday, pressured by ample U.S. stockpiles of gasoline, as well as recent slowdowns in domestic crude production declines.Meanwhile, prices for natural-gas recouped about half of what they lost a day earlier, after a U.S. government report revealed a weekly increase in supplies of the commodity that was below some market expectations.
September West Texas Intermediate crude CLU6, -1.09% fell $1, or 2.2%, to settle at $44.75 a barrel on its first full trading day on the New York Mercantile Exchange as a front-month contract. The contract gained 0.7% on Wednesday. September Brent crude LCOU6, -1.00% London’s ICE Futures exchange lost 97 cents, or 2.1%, to $46.20 a barrel.
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