Oil rises on expectation high natural gas to drive switch for heating - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Wednesday, 13 October 2021

Oil rises on expectation high natural gas to drive switch for heating

Oil prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs. Brent crude futures gained 28 cents, or 0.3%, to $83.46 a barrel at 0107 GMT after falling 0.3% on Wednesday.

from Commodities-Markets-Economic Times
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