Oil Settles Lower As Natural Gas Rallies To a Two-week High

Oil futures settled lower on Thursday, pressured by an ongoing U.S. supply glut, while natural gas saw its highest settlement in two weeks after a smaller-than-expected weekly inventory increase. December crude fell $1.12, or 2.4%, to setle at $45.20 a barrel. That was the lowest settlement since Oct. 27. December natural gas settled at $2.364 per million British thermal units, up 10.2 cents, or 4.5%. The settlement was the highest since Oct. 22.