Wednesday, 3 June 2015

Free Online Commodity Tips for Energy

Crude prices yesterday rose as the tensions regarding globally oversupplied situation seems to be eased a bit after the comment from Saudi’s Oil Minister.

WTI gained more than 1.7% closing at $61.26/ barrel, whereas Brent on the other hand gained almost a percent closing at $65.49/ barrel for the July contracts respectively.

Natural gas commodity registered good bounce from after moving to multi-week lows earlier during the week as traders looked for signs of short-covering amidst the commodity moving into highly oversold phase.

NG Jul expiry contract advanced 1.85% to $2.688 per MMBTU while MCX NG for active Jun expiry added 0.9% to Rs 172 per MMBTU.

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1 comment:

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