Tuesday, 12 April 2016

Commodity Market Outlook for Natural Gas and Crude Oil

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As per closing basis, WTI International posted gains around 1.60%, registering at $40.36/ bbl, whereas Brent crude oil gains were more than 2%, registering at $42.83/bbl

MCX crude oil posted gains around 1.60%, registering at Rs.2666/bbl.

NG prices yesterday showed sharp decline as the snow storm forecast over the eastern coast of the United States region faded away.

As per closing basis, NYMEX NG showed losses around 4%, registering at $1.912/ MMBTu, whereas MCX NG went down by around 4.60%, registering at Rs. 127.70/ MMBTu.

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