Thursday, 7 April 2016

Commodity Natural Gas and Crude Oil Market Prices

Crude oil prices today during early morning session are showing sky-rocketing gains at both the benchmarks especially the WTI International. The API data released today showed huge drawdown in crude stocks, which could be for the first time since 7 weeks and for the third time in 2016.

MCX crude price slumped by 0.80%, registering at Rs.2380/bbl.

Natural Gas prices today during early morning session are still showing losses as the inventory expectations are not positive. Bloomberg’s survey suggests around 7 bcf NG injections for last week.

As per closing basis, NYMEX NG showed losses more than 2%, registering at $1.954/ MMBTu, whereas MCX NG moved down by around 3%, registering at Rs.129.90/ MMBTu.

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