Wednesday, 9 July 2014

Accurate News on Crude Oil and Natural Gas in Commodity Market

Crude Oil 
Oil prices continued its decline for consecutive second session in a row as Libyan oil exports looked likely to rise and fears eased of supply disruption in Iraq. Libya's 340,000 barrel per day (bpd) El Sharara oilfield has resumed operations after a four-month strike and this may free more oil for export after last week's port deal with rebels.

Natural Gas
U.S. natural gas futures ended down by 0.24 percent on Tuesday after falling to the lowest in six months earlier in the day on forecasts for continued cooler-than-normal weather and expectations for another big storage build. On the MCX, NG prices  declined by 0.75 percent and closed at Rs.251.60/MMbtu

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