Energy commodities advanced amid US losening monetary policy

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Source: Dukascopy Bank
Energy commodities apart from natural gas were higher on Monday after Fed reaffirmed it would keep record low interest rates further and may consider providing more monetary stimulus to boost growth. Crude and Brent oils were also bolstered by supply concerns as Barack Obama urged Iran to put more efforts into reaching a diplomatic solution across its nuclear programme as soon as possible. Moreover, fuels gained a spree after unexpected jump in the Ifo German business climate index. Meanwhile, natural gas was pressured by the elevated inventory levels and mild weather in the US.


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