Tuesday, 26 May 2015

Energy News and Tips in Commodity Market

Crude Oil
Crude oil prices rose by 0.4 percent on Monday to close at $59.9/bbl as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. The market drew support from figures showing strong demand across Asia and the United States.

On the MCX, oil prices rose by 0.4 percent to close at Rs.3830/bbl.

Natural gas
Natural gas prices on the MCX declined by 2.66 percent and closed at Rs.179.60/MMbtu with lack of cues from international markets.

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