Gasoline Rallies Over 5%, Leads Oil Futures Higher

By Myra P. SaefongMarketsMarketWatch Pulse

Gasoline futures led crude-oil prices higher Thursday, as the shutdown of a major gasoline pipeline looked set to stretch into a full week. October gasoline climbed 6.9 cents, or 5.1%, to settle at $1.43 a gallon on the New York Mercantile Exchange. That's a more than three-week high. October West Texas Intermediate crude also rose 33 cents, or 0.8%, to settle at $43.91 a barrel, though ongoing worries about the glut of supplies kept gains in check.

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