Crude oil surged on supply data

Source: Forexpros

On Wednesday, futures for crude oil erased losses during the U.S. morning trading session, after a report by the U.S. government showed that oil supplies decreased last week. On the NYMEX, July delivery futures for light sweet crude oil were traded at USD83.73 per barrel, gaining 0.5% since the beginning of the session.

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Wed, 13 Jun 2012 19:51:44 GMT

retail sales in US decreased for the second month

Change in retail sales sales in US in May matched the expectations and decreased by 0.2% for the second consecutive month. Specialist state that such developments are mainly influenced by decreasing advances in payrolls and 8% unemployment, although decreasing gasoline prices counterweight the effects.

Wed, 13 Jun 2012 18:45:44 GMT

Futures for natural gas fell as supply data was in focus

On Thursday, futures for natural gas slightly declined, as investors were focused on upcoming U.S. government report about natural gas supplies. On the NYMEX, July delivery futures for natural gas were traded an USD2.219 a MMBtu, which was a 0.6% drop during the U.S. morning trading session. Earlier, natural gas prices fell by 1.5%, touching the level of USD2.219.

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