Friday, 20 June 2014

Today's Natural Gas Latest News in Commodity Market

Crude Oil
WTI crude rose on Thursday while Brent rose to nine month high as the United States said it would send military advisers to Iraq, raising concerns about the escalating conflict. Government forces continued to battle Sunni militants for control of Iraq's biggest refinery as U.S. President Barack Obama said the United States will send up to 300 military advisers to Iraq to combat the extremist insurgency.

On the MCX, crude prices rose marginally to close at Rs.6381/bbl

Natural gas inventory update-: U.S. natural gas futures fell 1.6 percent on Thursday, hitting the lowest level in a week after the government reported yet another bigger-than-expected storage build. Utilities added 113 billion cubic feet of gas into storage, a record sixth consecutive weekly injection above 100 bcf. 

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