Energy markets fell ahead of US inventory report

Note: This section contains information in English only.
Source: Dukascopy Bank
Energy commodities fell on Wednesday after the EIA reduced its oil demand forecast for 2012 and Barack Obama formally rejected the project of TransCanada pipeline. Investors also await US natural gas and crude oil inventory report due on Thursday. At the same time, delay in the Iranian oil embargo contributed to losses of oil futures. However, crude oil started Thursday on a positive note due to softer US Dollar. Natural gas was supported by expected decline in the US inventories but mild weather forecasts continued to create pressure on the natural gas and heating oil prices.

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