Crude oil prices were on course for their third weekly rise as concern grew about supply after President Trump threatened 25% tariffs on any country buying Venezuelan crude while stepping up sanctions on Iranian entities.
U.S. natural gas futures climbed about 2% on Thursday on a decline in daily output, record flows to liquefied natural gas (LNG) export plants and forecasts for more demand this week than previously expected.
Curious Minds Corner
What are some alternative fuels being developed to replace oil and gas?
Some alternative fuels include biofuels, hydrogen, and electricity.