Crude Bounces Back From Early Losses, Closes Above $70

摘要

Crude oil recovered from early losses linked to bearish economic sentiment to finish slightly higher on Thursday. The November Nymex crude contract rose 21￠ to $70.82 per barrel, while November Brent on ICE Futures climbed 12￠ to $69.19/bbl. Nymex November natural gas tumbled 37.5￠ to close at $4.446 per million Btu as US gas inventories rose to a new all-time record of 3,589 billion cubic feet.