Tuesday, 3 March 2015

Energy News In Commodity Market

Crude faced high volatility at the WTI platform though closed just 0.35% lower to $49.60 per barrel.

Brent ICE contract for April expiry on the other side plunged 4.85% to $59.55 per barrel on speculation that additional supplies might come from Iran in future.

Natural Gas commodity at NYMEX traded in a small range with the bias continued on negative side as Apr contract shut lower by 1.3% to $2.69 per MMBTU.

NG Mar expiry contact at MCX too was lower 1.3% to Rs 169 per MMBTU with broad movement continuing in a range.

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