Wednesday, 25 February 2015

Live Updates on Energy Market

Crude oil extended losses with NYMEX WTI contract for April expiry closed lower to $49.30 per barrel.

At MCX though Crude Mar contract posted a moderately positive closing and should see gap down opening today.

Natural Gas commodity traded in a small band though was volatile as markets asses the cues between ongoing colder climate in the US and overall supplies which continue to rise.

At closing, NYMEX NG managed modest gains to the tune of 1% to $ 2.90 per MMBTU whereas MCX NG too gained.

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