Wednesday, 20 May 2015

Crude Oil and Natural Gas Latest News

Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.

U.S. natural gas futures slid on Tuesday to end down more than 2 percent, after climbing in early trade to a four-month high and then reversing course after forecasters called for weaker demand and stronger production.

We expect Natural gas prices to trade negative on the back of normal temperature forecast for next few days.

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