Thursday, 16 October 2014

Latest News on Natural Gas and Oil


Crude oil prices decline on Wednesday extending a run of losses on concerns over weak oil demand as equity markets tumbled and economic gloom spread. U.S. crude oil stocks rose far more than expected last week as refineries cut output, while gasoline and distillate inventories declined data from industry group the American Petroleum Institute showed on Wednesday.

U.S. natural gas futures edged lower on Wednesday on forecasts for weak heating demand over the next two weeks and expectations the government will report another bigger-than-normal storage build for last week.

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