Oil edges down; nat gas surges 3.9% on weather - MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures closed lower Friday as China's move to increase its reserve requirements for banks roiled markets. Crude for December delivery, which expired at the end of trading, ended 34 cents lower at $81.51 a barrel. The most-active January contract settled 44 cents lower at $81.98 a barrel. Expectations of colder weather lifted natural-gas futures to a 3.9% gain; the December contract settled at $4.16 per million British thermal units, the highest for natural gas since Nov. 9.

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If the Fed were to cancel the program known as quantitative easing, its credibility would vaporize and commodity prices would be plastered.

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Oil edges down; nat gas surges 3.9% on weather - MarketWatch