Oil futures rose on Thursday to tally a third straight session gain, finding support from signs of tighter crude supplies, even as concerns that rising cases of COVID-19 will lead to weaker energy demand remained. Natural-gas futures, meanwhile, stretched their rally to a second session, tacking on nearly 6%, with forecast for colder weather boosting demand prospects for the fuel. November West Texas Intermediate crude climbed 38 cents, or nearly 1%, to settle at $40.31 a barrel on the New York Mercantile Exchange. October natural gas settled at $2.248 per million British thermal units, up 12 cents, or 5.8%.
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Oil prices end higher, buoyed by signs of tighter supplies