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Oct. 5, 2021, 2:49 p.m. EDT

Natural-gas futures end at highest since late 2008; U.S. oil futures at 7-year high

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By Myra P. Saefong

Natural-gas futures rallied on Tuesday, with tight global supplies ahead of the winter heating season lifting prices to their highest finish in almost 13 years. Oil futures also climbed, with U.S. benchmark prices settling at their highest since October 2014 as traders bet that supplies won't be enough to meet growing demand. November natural gas rose 55 cents, or 9.5%, to settle at $6.312 per million British thermal units, the highest front-month contract finish since December 2008, according to Dow Jones Market Data. November West Texas Intermediate crude added $1.31, or 1.7%, to settle at $78.93 a barrel for the highest close since late October 2014.

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