Crude oil inched up after OPEC meeting

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy commodities except for natural gas moved higher on Friday as investors anticipated elections in Greece. Moreover, results from the recent OPEC meeting continued to affect traders' mood.

Crude oil was marginally higher amid hopes for the third round of quantitative easing in the US. OPEC's decision to keep output level unchanged for the second half of 2012 also supported the upward trend.

Brent oil rose on speculation that central banks in the EU and US will inject more liquidity to boost sluggish economic recovery.

Natural gas was the only loser as investors started to cash out from the market after significant price increase caused by lower than expected buildup in US natural gas inventories.

Heating oil was top-gainer, following rising Brent and crude oil prices.


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