U.S. oil futures end at highest in more than a week; natural-gas prices drop 5%


U.S. oil futures settled at their highest price in more than a week Tuesday as Saudi Arabia raised talk of potential production cuts, while natural-gas prices dropped 5% after reaching 14-year highs amid ongoing concerns over European supplies. Freeport LNG said Tuesday that it plans to restart its liquefaction facility in early to mid-November, later than previously expected — leading to a further delay of LNG exports. October WTI crude CLV22, -0.32% rose $3.38, or 3.7%, to settle at $93.74 a barrel on the New York Mercantile Exchange. September natural gas NGU22, +1.12% fell 49 cents, or 5%, to end at $9.193 per million British thermal units, retreating from an intraday high above $10.

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

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