Natural-gas futures gain more ground after the EIA’s weekly supply data
Crude-oil futures moved lower on Thursday following their first gain in four sessions, with prices still volatile as traders eyed the latest developments in the Middle East for any signs of growing risks to the market in the oil-rich region.
Israeli troops briefly raided northern Gaza overnight ahead of a widely expected ground invasion, the Associated Press reported. The weekly rise in U.S crude stockpiles reported Wednesday, “coupled with the absence of any immediate supply disruptions in the Middle East has offered sellers an opportunity to attack,” said Otunuga.
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