Brent oil eased up ahead of Iranian talks

Source: Dukascopy Bank SA
Energy markets were solid on Monday amid QE hopes in the US and China. Meanwhile, energy prices are expected to remain volatile ahead of G7 emergency call conference due on Tuesday.

Crude oil rose on bargain buying and expectations for drop in the US inventories last week. Moreover possible monetary easing in the US and China boosted demand prospects.

Brent oil gained ahead key talks between Iran and six world powers regarding Iranian nuclear programme due on June 18-19.

Natural gas soared by almost 4%, indicating the first increase in the last eight sessions as forecast for warm weather in the US stimulated short-term demand expectations for the fuel.

Heating oil was almost unchanged amid absence of clear fundamentals.


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Tue, 05 Jun 2012 13:48:49 GMT

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