Energy markets showed vulnerability to China's data on Monday

Source: Dukascopy Bank
Energy commodities fell on Monday amid signs of stagnation of China's and Italy's economies. Even high energy commodity imports did not managed to offset worries over record high trade deficit in China and capped any upswing of the group. Moreover, eased geopolitical tensions removed risk premium for Brent and crude oil thus pushing the prices down. Meanwhile, natural gas touched 10-year low as market sentiment remained bearish because of mild weather forecasts and elevated inventory levels in the US. Traders are pessimistic as next Fed meeting appear not to announce the next round of easing in the US.


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