Brent oil flat amid improved risk-appetite

Source: Dukascopy Bank
Energy markets balanced between easing supply concerns and more pessimistic demand outlook. Investors are cautious ahead of the Fed meeting due next week.

Crude oil tumbled amid lingering demand worries after poor US manufacturing and labour market data. However, faster than expected reversal of the Seaway pipeline erased some losses of the commodity.

Brent oil was steady after pervious slump as rick-appetite among investors improved amid strong demand for Spanish debt.

Heating oil added 0.22% despite stagnating real estate market and warm weather in the US.

Natural gas dropped to a fresh 10-year low after the report of the EIA that indicated new increase in the US natural gas inventories. Moreover, high production levels and weakening demand are likely to block any upward move of the commodity.



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