Natural gas falls after last week's rally

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Source: Forexpros
Natural gas futures closed lower on Monday after gaining 10.5% over the last week. The gains were caused by mass natural gas production cuts in the US amid weak prices. However, the stimulus appeared to be short-living as mild weather forecasts again started to weight down on the commodity price. Natural gas April contract traded at 2.76 US Dollars per million British thermal units at the US late trade, on the New York Mercantile Exchange, losing 2.37%.


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Tue, 21 Feb 2012 09:32:57 GMT

European stocks climb ahead of Greek deal

European stock markets closed into positive area on Monday as investors were optimistic about probability the Greece would finally receive its second bailout package. Stoxx Europe 600 index added 0.8%, FTSE 100 index soared 0.7% and German DAX index rallied 1.5%. French CAC 40 index climbed 1% while Athens General Index gained 0.2%. 

Tue, 21 Feb 2012 09:09:38 GMT

World's aluminium output declined in January

World's aluminium production fell by 49,000 metric tons attaining 2,140,000 tons last month, reported the International Aluminium Institute. The main falls were in North America, Western Europe and Africa, the IAI added. However, on a yearly basis the production increased by 3,000.

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