Posted AT 6:27 PM EST on 24/07/08
Oil holds ground while natural gas slides
NEW YORK — Energy market investors managed to win back modest gains Thursday following oil's big drop a day earlier, but again drove natural gas prices sharply lower as a three-week sell-off of that fuel continued unabated.
Light, sweet crude for September delivery rose $1.05 (U.S.) to settle at $125.49 a barrel on the New York Mercantile Exchange – gaining back only about a quarter of Wednesday's decline. August natural gas tumbled 46.
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