Natural gas rallied after US supply data

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Source: Dukascopy Bank
Energy markets balanced between easing concerns over the turmoil in the Euro Zone and increase OPEC output.

Crude oil climbed after the US released optimistic job market data and OPEC raised its global oil demand forecast by almost 4%.

Brent oil declined as removed risk-premium after talks between Iran and six major economies started to progress continued to block any upswing in the commodity price.

Natural gas extended its rally after the IEA reported that inventories rose less than initially projected last week. Expectation for stronger demand and lower supply also continued to lend support for natural gas.

Heating oil was the top-loser amid lack of clear fundamentals and warmer spring weather.


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