Published July 1, 2016 3:09pm EDT | Updated July 1, 2016 4:04pm EDT

Natural-gas Futures Rally To Highest Level In Over Year; Oil Up 2.8% On Week

Natural-gas futures saw their highest settlement since May 2015 on Friday, buoyed by expectations that warmer weather will help ease U.S. supplies. Oil futures, meanwhile, saw their first weekly gain in three as demand concerns eased. August natural gas rose 6.3 cents, or 2.2%, to settle at $2.987 per million British thermal units--the highest since May 2015. Prices were up about 12.2% for the week. August crude added 66 cents, 1.4%, to settle at $48.99 a barrel, up 2.8% for the week.