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Natural Gas

Natural gas futures finished lower on Thursday as weekly government storage data fell largely in line with trader expectations despite reports of strong demand. Weather reports showing an easing of cold temperatures also weighed on prices. The inability to exceed last weeks multi-month high also led to profit-taking as speculative buying eased. Read more...

Energy

Oil prices edged up on Friday morning in Asia but were expected to head for a second weekly drop due to a rise in U.S. crude stocks. Crude Oil WTI Futuresfor November delivery rose 0.15% to $68.75 per barrel at 11:37PM ET (03:37 GMT) on the New York Mercantile Exchange, whileBrent Oil Futuresfor December delivery also inched up 0.14% to $79.4 a barrel on Londons Intercontinental Exchange. U.S. crude stocks surged by 6.5 million barrels last week, almost three times more than analysts forecast, according to the U.S. Energy Information Administration (EIA). (The) EIA Weekly Petroleum Status Report was a complete shocker sending... Read more...