Energy commodities closed lower on Thursday as the ECB did not offer easing measures to tackle spreading debt crisis in Eurozone. However, persistent geopolitical tensions and tight supplies from North Sea limited the downswing.
Crude oil lost 2% as disappointing ECB announcement forced market players to switch to safe-haven assets.
Brent oil was flat as continuous supply uncertainties offset lingering demand concerns.
Natural gas was the top-loser, plunging almost 8% after US supply report. US inventory data indicated that stockpiles jumped much more than expected last week.
Heating oil sank on escalating worries over global economy. However, low US inventories provided slight support for the commodity.