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Natural Gas futures have tumbled over 74 per cent their record highs. The commodity is now seen trading below major monthly moving averages after two years.
Oil futures were down slightly Thursday morning, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks
Oil futures edged lower on Wednesday following a surprising rise in US crude stocks and after news that large consuming nations would also release oil from reserves in conjunction with US
Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns about supply disruptions
It's possible the market is getting ahead of itself though, with key technical indicators signaling benchmarks are overbought and U.S. inventories recently piling higher
Oil futures marked their third straight week of losses, with Brent ending down 24 per cent and WTI off around 7 per cent.
The Mukesh Ambani-led conglomerate today announced that it has signed binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms
The potential collapse of the group led by Saudi Arabia and Russia is the latest blow to a market that was already dragged down by fears over the economic damage from the spread of the coronavirus
On Monday, both contracts dropped to their lowest since October, on track for their biggest monthly declines since May.
Trade war worries hit global equities again on Monday, while stoking a rally in safe-haven assets including the Japanese yen, core government bonds and gold
Futures rose as much as 1.3 per cent after the Energy Information Administration reported American crude inventories fell by 8.5 million barrels last week
Traders also noted a surge in US crude inventories last week and muted demand continued to weigh on futures
Despite the increasing confidence by financial oil traders in higher prices, the physical market remains relatively weak