COMMODITY
Crude oil futures end higher on Thursday
Sep-25-2020

Crude oil futures ended higher on Thursday despite lingering worries about the energy demand outlook in the wake of rising COVID-19 cases and fresh lockdown measures in several parts across Europe. The UK, France and Germany have all been reporting spikes in new cases of coronavirus infections, and several countries in Europe, including these three, have imposed new restrictions. Meanwhile, the US Energy Information Administration reported that domestic supplies of natural gas rose by 66 billion cubic feet for the week ended September 18. That was smaller than the increase of 77 billion cubic feet forecast by analysts polled by S&P Global Platts.

Crude oil futures for October gained 38 cents or 1 percent to settle at $40.31 a barrel on the New York Mercantile Exchange. November Brent crude rose 17 cents or 0.4% to settle at $41.94 a barrel on London's Intercontinental Exchange.

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