After a brutal four days, crude and natural gas ended the week on a high note as news that a low-pressure system had moved into the Gulf area.
August WTI contracts gained nearly 2 percent to close at $ 79.72, while natgas ended up 1.70 percent to finish the week at $ 2.69.
Marketwatch's Claudia Assis reported the National Hurricane Center was poised to upgrade a fast-moving weather system to a tropical cyclone in the coming days.
Bargain hunting almost certainly brought prices up as well, she noted, given crude continues to trade at annual lows.
Major players were mostly flat. Devon was up 1.28 percent, while Chesapeake had gained 1.16 percent. Halliburton and Schlumberger were both trading lower.
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