Heating oil plunged after Fed decision

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy markets plunged on Wednesday as lack of easing measures from the Fed weighted on demand prospects.

Crude oil was the top-loser on absence of easing measures in the US and unexpected increase in the US crude oil inventories last week. The EIA reported that stockpiles rose by 2.86 million barrels as compared to expectations for a 1.11 million barrels fall.

Brent oil also slid on elevating inventory levels and disappointing Fed decision.

Natural gas moved down as investors started to cash out from the market after recent rally. Moreover, market participants await US inventory report due on Thursday.

Heating oil dropped on demand uncertainly as Fed plans no easing in the nearest term.


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