Oil Ends Higher, Natural Gas at 10-Year Low

Energy MarketWatch

A worker manoeuvres an exploration drill bit at an oil and gas drilling rig in the Patagonian province of Neuquen October 14, 2011. Argentine energy firm YPF, the local unit of Spain's Repsol, said on November 7, 2011 it had confirmed unconventional ... oil resources of 927 million barrels of oil equivalent in Patagonia. The resources lie in a 428 kilometre square area in the southern province of Neuquen, where the company announced a large unconventional natural gas find nearly a year ago. YPF, Argentina's biggest energy company, said in a statement it was already producing about 5,000 boe per day in the area after initial drilling. Picture taken October 14, 2011. REUTERS/Enrique Marcarian (ARGENTINA - Tags: BUSINESS ENERGY ENVIRONMENT) (Reuters)

Crude oil futures ended higher Thursday, propelled by broad optimism that Greece will be able to go through with its bond swap.

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Natural gas futures, however, ended at a 10-year low as a government weekly inventories report showed a smaller-than-expected decrease in supplies.

Crude for April delivery rose 42 cents, or 0.4 percent, to $106.58 a barrel on the New York Mercantile Exchange.

Natural gas for the same month's delivery retreated three cents, or 1.3 percent, to $2.27 per million British thermal units.

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