U.S. oil prices settle at a nearly 3-year high; natural-gas futures up 11%


by www.marketwatch.com

www.marketwatch.com— Oil futures climbed Monday, with U.S. prices settling at their highest in almost three years. Natural-gas futures, meanwhile, rallied back to their highest level since February 2014. "Both oil and natural gas are expected to continue higher in the months ahead as fundamentals decidedly favor the bulls right now, while momentum and technicals both point to higher prices in the near to medium term," said Tyler Richey, co-editor at Sevens Report Research. U.S. crude inventories have fallen sharply...

www.marketwatch.com—Futures Movers: U.S. oil futures build on a nearly 7-year high; natural-gas prices eye highest finish since 2008. U.S. oil futures look to stretch their gains into a fourth straight session on Tuesday, a day after the Organization of the Petroleum Exporting Countries and its allies decided not to accelerate its plan for gradually relaxing production cuts. Natural-gas futures also rally, with prices on track for the highest finish since 2008 on tight supplies.

www.marketwatch.com—Natural-gas futures end at highest since late 2008; U.S. oil futures at 7-year high. Natural-gas futures rallied on Tuesday, with tight global supplies ahead of the winter heating season lifting prices to their highest finish in almost 13 years. Oil futures also climbed, with U.S. benchmark prices settling at their highest since October 2014 as traders bet that supplies won't be enough to meet growing demand. November natural gas rose 55 cents, or 9.5%, to settle at $6.312 per million British thermal units, the highest front-month contract finish since December 2008, according...

www.marketwatch.com—Futures Movers: U.S. oil prices pull back from nearly 7-year high. Oil futures lose ground Wednesday, with the U.S. benchmark slipping away from a nearly seven-year high as prices struggle to hold above the key $80 mark.