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Crude futures were on track to notch back-to-back gains on Thursday, with prices finding support from growing tensions in the Middle East that raise the risk of supply disruptions in the oil-rich region.
A weekly fall in U.S. gasoline demand reported by the Energy Information Administration on Wednesday, meanwhile, fed concerns over the economy's outlook and energy demand, contributing to losses in oil prices for the month to date.
-- West Texas Intermediate crude for April delivery rose 94 cents, or 1.4%, to $68.10 a barrel on the New York Mercantile Exchange ahead of the contract's expiration at the end of the session. The May WTI contract was up 99 cents, or 1.5%, at $67.90.
-- May Brent crude was up 64 cents, or 0.9%, at $71.42 a barrel on ICE Futures Europe.
-- April gasoline tacked on 0.5% to $2.1813 a gallon, while April heating oil added 0.7% to $2.2476 a gallon.
-- Natural gas for April delivery traded at $4.136 per million British thermal units, down 2.6%.
U.S. stocks ended lower Thursday, with the S&P 500 and Nasdaq resuming the rout that landed the two indexes in correction territory recently.
Somewhat optimistic comments from Federal Reserve Chair Jerome Powell helped stocks notch big gains on Wednesday, but the positive vibes started to fade a day later.
The Dow Jones Industrial Average ended 11.31 points lower, or less than 0.1%, closing at 41,953.32.
The S&P 500 index shed 12.40 points, or 0.2%, ending at 5,662.89.
The Nasdaq Composite closed down 59.16 points, or 0.3%, at 17,691.63.
From a month ago, the Dow was off 5%, the S&P 500 was 7.4% lower and the Nasdaq was down 11.4%, according to FactSet.
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