Tuesday, 16 June 2015

Latest Commodity News on Energy

Crude Oil
Oil prices declined by 0.7 percent on Monday to close at $59.5/bbl as the Greek debt crisis raised concerns about demand for petroleum in Europe and as the U.N. started talks to try to bring peace to Yemen, where OPEC heavyweight Saudi Arabia is involved in a civil war.

On the MCX, oil prices declined by 1 percent to close at Rs.3818/bbl.

Natural gas
Natural gas prices rose by 5.1 percent on Monday to close at $2.91/MMbtu. MCX gas prices rose by 4.45 percent to close at Rs.185.40/MMbtu.

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