U.S. oil futures tally a 7th straight week of gains; natural gas falls for the week

Oil futures finished higher on Friday, with U.S. prices up almost 5% for the week. Natural-gas futures, meanwhile, ended Friday with a loss, pulling prices down for the week after settling Tuesday at their highest in almost 13 years. Tight supplies of both oil and natural gas at the start of the winter heating season had been providing support for both commodities, but news Wednesday that Russia would raise its natural-gas exports to Europe pressured prices for the heating fuel. West Texas Intermediate crude for November delivery rose $1.05, or 1.3%, to settle at $79.35 a barrel on the New York Mercantile Exchange, with prices up 4.6% from a week ago. November natural gas settled at $5.565 per million British thermal units, down 11 cents, or 2%, on Friday, losing 1% for the week. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

U.S. oil futures tally a 7th straight week of gains; natural gas falls for the week
Oil futures finished higher on Friday, with U.S. prices up almost 5% for the week. Natural-gas futures, meanwhile, ended Friday with a loss, pulling prices down for the week after settling Tuesday at their highest in almost 13 years. Tight supplies of both oil and natural gas at the start of the winter heating season had been providing support for both commodities, but news Wednesday that Russia would raise its natural-gas exports to Europe pressured prices for the heating fuel. West Texas Intermediate crude for November delivery rose $1.05, or 1.3%, to settle at $79.35 a barrel on the New York Mercantile Exchange, with prices up 4.6% from a week ago. November natural gas settled at $5.565 per million British thermal units, down 11 cents, or 2%, on Friday, losing 1% for the week. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.