Energy

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Source: Dukascopy Bank
© Dukascopy Bank
Energy markets, excluding natural gas, climbed on Monday ahead of key economic data from China due on Tuesday. Tensions in Iran and Syria continued to support energy prices. At the same time, natural gas futures tumbled to 28-month low on Monday on the mild weather forecasts in the US. Additional pressure on the natural gas prices was created by the EIA that expects the US gas inventory to attain all times high in the end of October, 2012.

Natural gas faced weakening relations with other energy commodities on Monday as it tends to be more exposed to the mild weather forecasts in the US. Correlation between natural gas and gold was steady at 0.17 as both commodities were under strong pressure; gold was impacted by rallying US Dollar and natural gas by lack of demand due to warm weather in the US. There was almost no link between natural gas and the pair EUR/USD during last week.


© Dukascopy Bank
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Tue, 17 Jan 2012 17:17:11 GMT

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Tue, 17 Jan 2012 16:41:34 GMT

Energy markets climb, natural gas falls

Energy markets, excluding natural gas, climbed on Monday ahead of key economic data from China due on Tuesday. Tensions in Iran and Syria continued to support energy prices. At the same time, natural gas futures tumbled to 28-month low on Monday on the mild weather forecasts in the US. Additional pressure on the natural gas prices was created by the

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