Tuesday, 6 January 2015

Daily Energy Related Market News

The selloff in global oil markets showed little signs of slowing in the new year, with prices down as much as 6 percent on Monday, the lowest since spring 2009, as fears deepened a supply glut that has vexed the market for six months would continue.

U.S. natural gas futures reversed course and ended down 4 percent on Monday, depressed by a tumbling oil prices and forecasts for less cold over the next two weeks than previously thought. Weather models for the lower 48 U.S. states called for less cold but still well below normal temperatures, with 523 heating degree days (HDD) expected over the next two weeks.

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