Natural gas dived below 2.00 US Dollars per Btu

Note: This section contains information in English only.
Source: Dukascopy Bank
Energy commodities attempted to equilibrate waning supply risk premium and improving demand prospects.

Crude oil was the top gainer as reversal of the Seaway pipeline in the US, which is aimed at easing supply glut in the country, is planned to be completed ahead schedule.

Brent oil fluctuated between gains and losses as talks between Iran and six major economies will be resumed in May. Moreover, narrowing spread between crude and Brent oil caused by the Seaway pipeline reversal blocked upswing of the commodity.

Heating oil mainly tracked movements of Brent oil, being additionally pressured by the warm weather in the US.

Natural gas hit new 10-year low as US stockpiles have continued to face elevated inventories as well as demand has continued to weaken. 


Back to articles

Actual Topics

Wed, 18 Apr 2012 14:35:18 GMT

S&P 500 jumps 1.6% on Tuesday

S&P 500 index rallied on Tuesday lifted by more optimistic global growth forecasts from IMF and Spain bond auction results. US index gained 1.55% or 21.21 points and closed at 1,390.78. First Solar rocketed 10.3% on news its will eliminate 2000 jobs through 2012 and cut production output. Apple recovered and surged 5.1% ahead of its quarterly results due next

Wed, 18 Apr 2012 13:45:19 GMT

Nickel soared after IMF report

Industry metals balanced between flat US industrial output last month and the IMF report on better global economic perspectives.Aluminum found support on the expectation for production cuts whereas falling trading volume limited the gains.Copper jumped above 8,000 US Dollars per ton along with tightening supply as Rio Tinto announced an unexpected drop in red metal's output. However, weak China's demand

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.