Tuesday, February 4, 2014

Natural gas ends near one-week high; oil gains

 

Natural-gas futures scored a gain of nearly 10% on Tuesday to close near their highest level in a week. Traders bet that data due later this week will show a big drop in U.S. supplies of the heating fuel.
Oil futures finished higher, back above $97 a barrel, ahead of the market's own weekly updates on petroleum supplies. March natural gas added 47 cents, or 9.6%, to settle at $5.375 per million British thermal units, the highest futures price since Wednesday. March crude finished up 76 cents, or 0.8%, at $97.19 a barrel.
Copy Source : Bloomberg
 

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