Futures Movers: U.S. oil prices halt 12-session, record-setting streak of declines

This update corrects the year for the largest one-day percentage gain on natural gas. The year was 2004.

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Oil prices finished higher on Wednesday, with U.S. benchmark crude putting an end to its record 12-session streak of declines, as traders weighed rising crude supplies against lingering questions about demand.

Natural-gas futures, meanwhile, saw a spectacular climb of about 18%—their biggest in more than 14 years—as cold weather forecasts continued to feed concerns about tight U.S. supplies.

Read: Wrongway bet on asset that has surged 20% this week has intensified oil’s rout, says prominent trader

West Texas Intermediate oil for December delivery CLZ8, +0.79% rose 56 cents, or 1%, to settle at $56.25 a barrel, after settling Tuesday at $55.69 on the New York Mercantile Exchange.

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