Heating oil slumped on demand uncertainty

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Source: Dukascopy Bank SA
Energy commodities tumbled on Tuesday as global demand concerns lingered after unexpected Span's credit rating downgrade.

Crude oil balanced between gains and losses as demand concerns from the Eurozone and supply worries from Iran increased volatility of the commodity group.

Brent oil depreciated despite lack of resolution of Iranian nuclear issue. Traders are cautious ahead of the EIA inventory report release.

Natural gas slumped amid weak residential demand and rising volatility ahead of expiration of June's contract.

Heating oil followed bearish trend as Eurozone's worries continued to impact  demand perspectives.


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