Natural gas advanced on warm weather forecasts

Source: Dukascopy Bank SA
Energy markets were bullish on Tuesday amid lingering supply concerns as tensions over nuclear programme of Iran increased.

Crude oil surged on weaker greenback and expected fall in supplies as oil workers' unrest in Norway continued to hurt oil exports from the world's eighth-largest oil producer.

Brent oil jumped on speculation that Iranian officials proposed a bill calling the government to halt all oil shipments transported  through the Strait of Hormuz.

Natural gas moved up as warm weather forecasts in the US combined with global easing hopes sent the commodity higher.

Heating oil followed the common trend, posting a 1.79 gain. The commodity was mainly supported by monetary easing expectations worldwide.


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