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

By Myra P. SaefongMarketWatch Pulse

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.

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