Oil falls, natural gas rallies

Source: Dukascopy Bank
Energy markets faced mixed performance on Tuesday with rallying natural gas and heating oil and falling crude oil and Brent oil. Concerns over the spreading Euro Zone crisis and rising DOE inventories of oil both created downward pressure on the oil prices. Potential loses in oil price may be prevented by the expected Fed's decision to hold low interest rates till 2013. Natural gas found support on the production cuts after Chesapeake Energy Corp. reported a decrease in the commodity output by 500 mbcf daily. Moreover, expected fall in the natural gas inventories in the US pushed prices higher.


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Wed, 25 Jan 2012 18:04:52 GMT

Agricultural commodities rallied on supply concerns

Agricultural commodities rallied on Tuesday amid concerns over lower global crops. Unfavorable weather conditions in South America impacted severally the crops of grain commodities and coffee. At the same time, sugar remained resilient to the expected ample supplies. Corn futures extended the gains of the previous sessions on the speculation that the largest producers like Russia and Argentina plan to

Wed, 25 Jan 2012 18:04:39 GMT

Base metals did not followed the copper's fall

Industrial metals, except for copper, advanced on Tuesday, showing noncompliance with usual trend of following copper's lead. Base metals mainly found support on better than expected PMI releases from the Euro Zone and the US. However, growing concerns over failure to agree on the debt restructuring in Greece limited gains of the commodity group.  Nickel advanced 1.58% over the day

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