Energy

Source: Dukascopy Bank
© 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.

Correlation between natural gas, crude and Brent oil continued to fall on Tuesday as crude and Brent oil price was under strong pressure. At the same time, natural gas link with heating oil inched down to 0.15 amid natural gas production cuts. Natural gas and Standard Poor's SP500 faced almost unchanged relations over the day as commodity and the stock index were supported by positive news from the US. Natural gas connection with the pair EUR/USD fell in the negative area, dropping to minus 0.1 since the beginning of the week.


© Dukascopy Bank
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Wed, 25 Jan 2012 18:05:20 GMT

Agriculture

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 18:04:52 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

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