Oil futures marks highest finish in over 2 weeks; natural-gas prices end to lowest in over 2 years
Oil futures finished at their highest in more than two weeks on Tuesday, with prices finding support from a pullback in banking concerns, strength in Chinese energy demand and news of a short-term oil-supply disruption. Natural-gas futures, meanwhile, posted their highest settlement since September 2020, with prices pressured as forecasts for more moderate temperatures in parts of the U.S. dulled demand expectations. May West Texas Intermediate crude rose 39 cents, or 0.5%, to settle at $73.20 a barrel on the New York Mercantile Exchange, the highest since March 13, FactSet data show. April natural gas lost 6 cents, or 2.8%, to settle at $2.03 per million British thermal units ahead of the contract's expiration at the end of Wednesday's trading session.
-Myra P. Saefong
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March 28, 2023 14:42 ET (18:42 GMT)
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