Energy commodities supported by supply concers and demand hopes

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Source: Dukascopy Bank
Energy commodities apart from heating oil ended the week on the positive note, being bolstered by supply concerns and demand hopes. From the supply side, Iran reported a drop in oil exports; such oil giants as French Oil already halted totally oil imports from Iran. Meanwhile, demand hopes continued to stimulate growth of the energy prices as traders are positive about prospects of the US economy despite evident weakness of the property market. However, worries over China's stagnation limited the rally of the Brent and crude oils. At the same time, natural gas bounced higher despite inventory buildup and mild spring weather in the US.


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