WASHINGTON (dpa-AFX) - Oil futures closed at their highest level in almost three weeks on Thursday, surging well above $100 on concerns over supply disruptions from Russia.
May oil rose $1.02, or 1 percent, to settle at $101.28 a barrel on the New York Mercantile Exchange.
Oil was able shake off a stronger U.S. dollar and worries about demand from China.
Natural-gas prices, meanwhile, rallied after a weekly report showed that U.S. supplies fell more than expected.
May natural gas climbed 14 cents, or 3.3 percent, to end at $4.54 per million British thermal units.
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