Wednesday, 18 February 2015

Latest Price & Updates on Energy

Crude Oil
On Tuesday, WTI and Brent crude oil rose by 1.4 and 1.8 percent respectively on account of short covering despite market remain depressed by worries about euro zone stability.

On the MCX, oil prices declined by 1.2 percent and closed at Rs.3247/bbl.

Natural gas
U.S. natural gas futures fell nearly 2 percent on Tuesday, with traders taking profit from last week's rally despite cold weather and higher heating demand which could be offset by large gas supplies in storage.

On the MCX, gas prices declined by around 6 percent to close at Rs.169.20/Mmbtu.
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