Friday, 13 March 2015

Daily Energy News In Commodity Market

Global oil prices fell on Thursday on estimates showing another big supply build at the delivery point for the U.S. crude contract, with trade volatile ahead of the expiry of the front-month in benchmark Brent oil.

We expect crude oil prices likely to remain volatile on concerns that falling U.S. oil rig counts may rein in a market glut.

Natural gas futures fell over 3 percent on Thursday on forecasts for continued above-normal temperatures over the next two weeks despite a slightly bigger-than expected storage draw.
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