Crude oil went up after IEA report

Note: This section contains information in English only.
Source: Dukascopy Bank
Energy markets were mostly higher on Wednesday amid broadly weaker US Dollar and smaller than expected increase in the US oil inventories. However, investors continued to eye events surrounding the Greek debt restructuring that will determine the future of the region. Brent and crude oils also tried to balance supply and demand concerns. Escalated tensions between Iran and Israel are likely to create supply problems while stagnation of the world's healthiest economies may reduce the demand for energy products. Meanwhile, natural gas tumbled as weather forecasts remain mild and US faced elevated inventory levels. The long-term outlook also is bearish as experts predict natural gas futures to fall even further and touch 2.00 US Dollars per million British thermal units.
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