Crude oil moved higher amid easing hopes

Source: Dukascopy Bank SA
Energy markets rocketed on Wednesday as concerns over Spain's financial system's instability decreased. Additionally, easing hints from the Fed boosted demand prospects of the commodity pack.

Crude oil rose as expectations for monetary easing in the top-consumers, the US and China, increased demand potential for energy.

Brent oil advanced, returning above 100 US Dollars per barrel after Iran announced it will be firm in the looming negotiations with six major economies regarding Iranian nuclear programme.

Natural gas rallied by more than 4% ahead of key US supplies report due on Thursday. Market sentiment was also boosted by easing measures.

Heating oil followed bullish trend, being supported by rally of crude and Brent oil.


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Thu, 07 Jun 2012 15:43:29 GMT

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