Brent oil slid ahead of G8 summit

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Source: Dukascopy Bank
Energy markets were lower on Friday amid lingering concerns over the Euro Zone's economic instability. Moreover, growing OPEC production continued to dampen investors' sentiment.

Crude oil declined as continuous worries over the demand from the Euro Zone weighted on price. Traders also were cautious ahead of G8 summit.

Brent oil lost 0.33% as meeting between Iran and six major economies looms. Moreover, higher production levels from OPEC added to the negative mood of the commodity.

Natural gas continued its fourth week rally as hot weather in the US increased space cooling demand.

Heating oil fell on Friday, mainly tracking losses of Brent and crude oil.


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