Natural gas rallies on sharp supply fall

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Source: Dukascopy Bank
Energy markets continued to fluctuate on the demand concerns as Euro Zone's recession risks still persist while improved personal income in the US faded hopes for more accommodative policies of the Fed.

Crude and Brent oil dropped as lifted US energy inventories outweighed supply concerns caused by export disruptions in Yemen, Sudan and North Sea.

Natural gas caught momentum after Baker Hughes reported on sharp fall in the number of active drills in the US. The number of drills declined by almost 35% since October's peak.

Heating oil was steady amid growing US inventories and expectations for sluggish demand form the Euro Zone.


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