Energy commodities jumped after Fed meeting

Note: This section contains information in English only.
Source: Dukascopy Bank
Energy markets jumped on Tuesday after Fed acknowledged no changes in its monetary policy due to stabilizing US economy. Crude and Brent oil were also bolstered by stronger global equities and signs of economic recovery in the EU after inspiring German ZEW index. However, easing supply concerns and firm US Dollar capped the upswing. The EU nations are confident that Iranian oil supplies can be easily replaced by oil deliveries from Saudi Arabia. The country has already agreed to use its spare capacity to boost output in case of stronger demand. Meanwhile, natural gas recovered slightly on increased dip buying while mild weather forecasts continued to limit any upward move of the commodity.


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