Energy markets soared on Thursday on easing worries over the Eurozone's economic instability after Mario Draghi promised to preserve the Euro. Unexpected increase in durable goods orders and positive labour market data from the US also spurred the upward trend of the commodity group.
Crude oil surged on weaker US Dollar and brighter demand prospects. However, concerns over slowing China's economy continued to pressurize energy prices.
Brent oil was bullish as conflicts in Syria continues, providing a supply risk-premium for the commodity.
Natural gas erased earlier losses, rallying more than 1% after US Energy department data indicated a 2% increase in power sector consumption.
Heating oil extended its gains as US distillate fuel inventories remained below the average level of this year period.