Brent oil added to losses on eased supply worries

Note: This section contains information in English only.
Source: Dukascopy Bank
Energy commodities tumbled on Friday, being pressured by stronger US Dollar and weak economic data releases.

Crude oil declined amid elevating US inventories that hit the highest level since 1990 last week.

Brent oil extended previous losses as high likelihood of positive outcome from Iran's meeting with world six major powers on May 23 removed risk-premium for the commodity.

Natural gas decreased as traders started to cash out from the market after natural gas soared by about 10% over the last week.

Heating oil followed a bearish trend as weakness of the US labour market and the Euro Zone's turmoil weighted down on the commodity price.


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Mon, 07 May 2012 14:30:02 GMT

Coffee fell amid favorable weather in Brazil

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Mon, 07 May 2012 14:01:04 GMT

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