December crude fell 14 cents to $58.62 a barrel in New York, reversing from an earlier high of $59.30.

December natural gas dropped 20 cents, or 2.5%, to $7.92 per million British thermal units. "The natural-gas injection number was a bit bearish and it caused crude traders to book profits," said Phil Flynn, an analyst at Alaron Trading.

The Energy Department said natural-gas supplies rose 5 billion cubic feet last week, while data from tanker-tracking firm Petrologistics showed that key oil producers were following through with their promised cuts in crude output.