Monday, 18 January 2016

Commodity market News on Natural Gas and Crude Oil

Crude Oil
WTI oil prices declined by 11.3 percent last week while Brent declined by 13.7 percent last week.

Global crude benchmark Brent broke below $30 a barrel, its lowest since 2004, for a second straight day before rebounding. It also settled off the day's highs, after the U.S. State Department indicated a key Iranian nuclear reactor had been destroyed, as per conditions for lifting sanctions against Tehran's oil exports.

On the MCX, oil prices declined by 11.1 percent to close at Rs.1996 per barrel.
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