Thursday, 19 February 2015

Latest Price & Updates on Energy

Crude Oil
On Wednesday, WTI and Brent crude lost its value by 2.6 and 3.2 percent respectively. Investors were overwhelmed by the latest estimates for U.S. supply builds that came in nearly five times above market expectations.

On the MCX, oil prices declined by 0.2 percent and closed at Rs.3313/bbl.

Natural gas
U.S. natural gas futures rose 2 percent on Wednesday, supported by cold weather and higher heating demand forecasts, though market bears cautioned about the extraordinarily high stockpiles of the fuel for this time of year.

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