Natural gas rallied on warm US weather

Source: Dukascopy Bank SA
Energy commodities apart from natural gas declined on Monday as inspiring results of Greek elections failed to ease worries about spreading Eurozone crisis.

Crude oil fell on bleak demand outlook; however, talks between Iran and six major economies that are due to start on Tuesday in Moscow may bolster the price.

Brent oil was top-loser despite possible easing measures by the Fed that are likely to boost energy demand in the country.

Natural gas was the only-gainer, being buoyed by warm weather forecasts in the US. Warmer than expected temperatures are likely to stimulate demand for gas-fire electricity to power air conditioning.

Heating oil declined on increased global risk-aversion after Spanish 10-year bond yields reached unsustainable level of 7.13%.


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Tue, 19 Jun 2012 14:11:11 GMT

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