Friday, 30 January 2015

Natural Gas and Oil Related News

Crude Oil
Crude oil prices rose on Thursday with WTI and Brent crude gaining by 0.2 and 1.4 percent respectively. Oil prices had risen broadly earlier in the day after preliminary U.S. data showed weekly jobless claims at a near 15-year low, indicating further strength in the world's largest economy.

On the MCX, crude oil prices declined by 0.6 percent and closed at Rs.2754/bbl.

Natural Gas
U.S. natural gas futures ended down 5.19 percent on Thursday, after earlier falling to a fresh 2012 low on a smaller-than-expected storage draw despite forecasts calling for a little more cold over the next two weeks.

On the MCX, gas prices declined by 3.51 percent and closed at Rs.167.6/Mmbtu.

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