Natural gas surged 4% after EIA report

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Source: Forexpros
Natural gas futures extended previous gains during the US afternoon session on Thursday after the EIA reported on slightly lower than expected increase in the natural gas stockpiles. Natural gas futures for June delivery traded at 2.365 US Dollars per Btu on the New York Mercantile Exchange, appreciating by 4.06% since opening.


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Fri, 04 May 2012 08:28:54 GMT

Spanish costs of borrowing rose during bond auction

Spain sold 2.52 billion Euros of its debt with higher interest rates during its debt auction on Thursday. The Bank of Spain sold its three-year bonds at yields of 4.04% as compared to the last bond auction when the costs of borrowing were at 2.6%. The bank also added that the amount of debt sold exceeded its expectations. The rise

Fri, 04 May 2012 08:06:54 GMT

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