Friday, 10 October 2014

Latest News on Natural Gas and Oil

Brent crude prices rose by 0.2 percent and WTI crude prices declined by around 1.8 percent as Europe's worsening outlook and surging oil inventories hammered energy markets. Concerns about world economies sent U.S. and other stock markets lower, reversing a rally from a day ago sparked by the Federal Reserve's caution about raising interest rates soon.

On the MCX, crude prices declined by 2.2 percent taking cues from weak 
international markets and closed at Rs.5264/bbl.

Natural gas futures declined by 0.7 percent on Thursday as forecasts for weak heating demand over the next two weeks offset a slightly smaller-than-expected storage build.

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