Oil prices rebound; natural gas pulls back from 14-year highs

Oil prices rebound; natural gas pulls back from 14-year highs

Crude-oil futures climbed on Tuesday to settle at their highest price in more than week, while U.S. natural-gas prices eased back from a 14-year high. Price action West Texas Intermediate crude for October delivery CLV22, +3.71% CL.1, +3.71% advanced $3.38, or 3.7%, to settle at $93.74 per barrel on the New York Mercantile Exchange. October Brent…

Natural-gas prices surge to their highest level since 2008; oil slides

Natural-gas prices surge to their highest level since 2008; oil slides

U.S. crude-oil futures retreated on Monday, while natural-gas prices climbed to a fresh 14-year high as fears about shortages in Europe also impacted the U.S. market. Price action West Texas Intermediate crude for September delivery CLU22, -2.36% CL.1, -2.36% was down $3.43, or 3.8%, with the front-month contract worth $87.34 per barrel on the New…

Oil prices edge higher, look to shake off some recent losses from global economic worries

Oil prices edge higher, look to shake off some recent losses from global economic worries

Oil futures edged higher on Tuesday, with prices looking to recoup some of their sharp losses from a day earlier tied to worries over the global economic outlook after weak economic data out of China. Price action West Texas Intermediate crude for September delivery CL.1, -1.60% CL00, -1.60% CLU22, -1.60% rose 78 cents, or 0.9%,…

Oil prices hold gains as OPEC+ approves small production increase

Oil prices hold gains as OPEC+ approves small production increase

Oil futures held on to small gains Wednesday after the Organization of the Petroleum Exporting Countries its allies approved a small output increase that’s seen as largely symbolic. Price action West Texas Intermediate crude for September delivery CL.1, -2.11% CL00, -2.11% CLU22, -2.11% rose 33 cents, or 0.3%, at $94.75 a barrel on the New…

Oil climbs as natural gas eyes highest finish in 7 weeks

Oil climbs as natural gas eyes highest finish in 7 weeks

Oil futures moved higher Tuesday, while natural gas extended its gains into a third straight session, with prices eyeing their highest finish in seven weeks after Russia said it will cut supplies to Europe. Price action West Texas Intermediate crude for September delivery CL00, +0.73% CL.1, +0.73% CLU22, +0.73% rose $1.08, or 1.1%, to $97.78…