Thursday, 18 December 2014

Natural Gas and Crude Oil News For Today

Crude Oil
World oil prices jumped as much as 6 percent on Wednesday before closing off their peaks as weeks of nearly non-stop selling abruptly halted, and traders said failure to break below key chart support levels meant a long rout may be running out.

Natural Gas
U.S. natural gas futures on Wednesday ended up 2.3 percent on forecasts for cooler weather over the next two weeks. Weather models for the lower 48 U.S. states moved from well above normal to slightly above normal levels for the next two weeks, boosting the likelihood of increased demand for gas for heating.

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