Natural-gas futures fall sharply for the session; U.S. oil prices post first weekly loss in 10 weeks

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Natural-gas futures suffered a sharp drop on Friday for a second straight session, turning lower for the week, but ending October with a loss. U.S. oil futures, meanwhile, ended higher on Friday, but posted their first weekly loss in 10 weeks – ending the streak of nine consecutive weekly gains, the longest ever based on data going back to 1983, according to Dow Jones Market Data. WTI oil has been “in overbought territory for most of October as the market has been enjoying strong gains given OPEC+’s ongoing commitment to slowly bringing new production online, while global demand metrics have been largely better than feared,”…

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

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