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

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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, -1.32%, 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.

This article was originally published by Marketwatch.com. Read the original article here.

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