Thursday, 14 January 2016

Commodity Market Updates on Natural Gas and Crude Oil

Brent crude ended 2 percent lower on Wednesday after falling below $30 a barrel for the first time since April 2004 as a growing stocks of oil in the United States stoked market fears about demand. Both Brent and U.S. crude futures saw highs early in the day of more than $1 above Tuesday's closing price on upbeat Chinese economic data earlier in the session.

U.S. natural gas futures edged higher on Wednesday as the market covered shorts after prices earlier this week fell almost 9 percent on forecasts for the weather to remain seasonally cold for the rest of the month.Over the past month, gas futures have been on a roller-coaster ride with changes in the weather. The front-month fell to a 16-year low of $1.684 on Dec.
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