Thursday, 9 April 2015

Natural Gas and Oil Tips on Commodity Market

Crude Oil
Crude oil prices declined on both sides of the Atlantic with WTI and Brent falling by 6.6 and 6 percent respectively. Rise in U.S. crude inventories and news of record Saudi oil production scuttled talk of a sustained recovery.

On the MCX, oil prices declined by 4.3 percent to close at Rs.3182/bbl.

Natural gas
Natural gas prices declined by 1.41 percent on Wednesday to close at $2.67/MMbtu on expectations that stockpiles of the fuel have started building as winter heating demand subsides. On the MCX, gas prices declined by 2.67 percent to close at Rs.163.90/MMbtu.

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