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http://www.marketwatch.com/news/story.asp?guid=%7B768F6A5F%2D124E%2D4CB4%2D8314%2D4200B4B52E18%7D&siteid=mktwSAN FRANCISCO (MarketWatch) -- Crude climbed back above $62 a barrel Thursday, recouping the previous session's nearly 2% loss as traders juggled continuing supply-and-demand themes with political uncertainty.
Natural-gas futures were up 3%, trading at a nine-month high, after a government report said supplies didn't climb as much as expected last week.
"So far this market resembles kids taking a dare to walk through a cemetery at night," said James Williams, an economist at WTRG Economics.
"Every sound is blown out of proportion and the crack from someone stepping on a twig can send the whole group running for the safety of a street lamp," he said.
September-dated crude futures traded as high as $62.06 a barrel on the New York Mercantile Exchange. It was last at $61.70, up 84 cents. On Wednesday, futures closed at $60.86, down $1 for the session, after reaching their highest ever level of $62.50 during the day.
September unleaded gas led the gains among the products, up 33.31 cents, or 1.9%, at $1.804 a gallon. September heating oil was up 1.61, or 1%, at $1.705 a gallon.
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