Brent crude fell below USD 109 a barrel on Wednesday as Libya restarted an oilfield; on track to drop for an eighth session in what would be its longest losing streak in over four years. Easing worries over possible disruptions to supply from the conflict in Iraq also dragged on prices. August Brent crude had declined 12 cents to USD 108.82 a barrel by 0318 GMT, down nearly 6 percent from a nine-month high reached in June.
Natural gas futures fell on Tuesday after updated weather-forecasting models called for below-normal temperatures over portions of the eastern U.S., which could prompt households to throttle back on their air conditioning. Natural gas futures for delivery in August traded at $4.139 per million British thermal units during U.S. trading, down 2.05%. The commodity hit a session high of $4.233 and a low of $4.131.