Oil futures on Thursday marked their lowest settlement level in more than a week, as a growing U.S. crude stockpile and strength in the dollar pulled prices below $46 a barrel.Natural-gas prices, meanwhile, rallied following a weekly update on U.S. inventories.
December West Texas Intermediate crude CLZ5, +0.27% dropped $1.12, or 2.4%, to settle at $45.20 a barrel on the New York Mercantile Exchange. That was the lowest settlement since Oct. 27.
December Brent crude LCOZ5, +0.29% on London’s ICE Futures exchange edged down by 60 cents, or 1.2%, to $47.98 a barrel, with prices also at their lowest close in over a week.
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