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Natural-gas futures end at a 7-week high; oil prices finish lower

44106 natural gas futures end at a 7 week high oil prices finish lower

Natural-gas futures climbed on Tuesday to settle at their highest since June 7, according to Dow Jones Market Data. Prices continued to find support after reports that Russian state-owned energy producer Gazprom’s natural-gas exports through the Nord Stream pipeline to Germany would drop by half. August natural gas NGQ22, +1.65% rose 27 cents, or nearly 3.1%, to settle at $8.993 per million British thermal units on the New York Mercantile Exchange. September West Texas Intermediate crude CLU22, -1.16%, meanwhile, fell $1.72, or 1.8%, to settle at $94.98 a barrel “Mounting recession worries are currently trumping how tight the physical crude market remains,” said Edward Moya, senior market analyst at OANDA.

Source: Marketwatch

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