Natural gas jumps on colder weather, US stockpiles

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures were mixed on signs that China's industrial output is slowing. Adding to losses, Saudi Arabia increased its oil production in February. At the same time, weaker US Dollar and possible deficit at Cushing, the largest oil storage hub in the US, lent support for the commodity complex.

Crude oil posted a mild gain despite weak fundamentals. Investors are cautious that slowing industrial production in China as well as escalated worries over situation in Italy will reduce global energy demand.

Brent oil retreated on news that Saudi Arabia raised its oil production to 9.15 million barrels per day in February. However, the commodity drew some strength from expected deficit at Cushing in Q2 as refineries are likely to end maintenance.

Natural gas attained a six-week high amid bullish supply data released on Thursday and forecasts of colder-than-normal weather in the most US territory in the next six-to-ten days.

Heating oil moved lower despite speculation that cold weather in the US will boost demand for the commodity.
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