UPDATE: Natural-gas futures settle near a six-week low; oil ends higher

12/07/17 03:15 PM EST

Natural-gas futures dropped more than 5% Thursday (http://www.marketwatch.com/story/oil-prices-rebound-as-market-moves-on-from-opec-deal-2017-12-07), with prices marking the lowest settlement for a front-month contract since late October. The Energy Information Administration reported that U.S. supplies of natural gas edged up 2 billion cubic feet last week, defying expectations for a decline. January natural gas fell 15.9 cents, or 5.4%, to settle at $2.763 per million British thermal units. Oil prices, meanwhile, ended higher, but recouped less than half of what it lost a day earlier. January crude tacked on 73 cents, 1.3%, to settle at $56.69 a barrel after falling 2.9% Wednesday.

-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com

 

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12-07-17 1515ET

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