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Natural Gas hits 13-year low, Oil extends slide

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Natural gas for January delivery fell 4.5% to USD 1.901/mmBtu on the NYMEX; its lowest price since Jan 28, 2002, while oil prices extended the drop seen in Asia.

    At the time of writing, Natural Gas was down 4.3% at USD 1.905/mmBtu. Brent Jan futures were down 0.8% at USD 38/barrel and WTI futures were down 0.5% at USD 35.42/barrel.

    Natural gas is down more than 30% this year and is heading for its second annual loss. The latest weather forecasts predict above normal temperature, which will reduce heating demand through year end.
    For more information, read our latest forex news.
     

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