Friday, 9 January 2015

Daily Energy Related Market News

Crude Oil
Global oil prices were little changed for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week. But support for oil was likely to be short-lived as market bears continue hunting for a bottom to the second-biggest price rout in crude's history, traders said.

Natural Gas
U.S. natural gas futures gained 2 percent on Thursday after the government reported a bigger-than-expected storage draw and on colder-than-normal forecasts for the next two weeks. The U.S. Energy Information Administration said utilities pulled 131 billion cubic feet of gas from storage last week.

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