MCX Natural Gas futures end lower on downbeat stockpiles data

MCX Natural Gas futures closed lower in the domestic market on Yesterday as investors and speculators exited positions in the energy commodity after a report showed that US gas stockpiles rose more than estimated last week, signaling weakening demand for the fuel in the world’s biggest economy. US natural gas stockpiles rose 87 billion cubic feet to 3.386 trillion cubic feet last week, the US Energy Information Administration (EIA) said. Analysts were expecting a stockpile-build of 79 billion cubic feet last week. 

MCX Energies Lifetime High low,52 weeks High Low

MCX Crude Oil

MCX Crude Oil Lifetime  High 6333(15.07.2008)

MCX Crude Oil Lifetime  Low 1626(15.01.2009)

MCX Crude Oil 52 week High 5669(30.09.2018)

MCX Crude Oil 52 week Low  2993(23.12.2018)

MCX Natural Gas

MCX NaturalGas Lifetime High 591.8(2.7.08)

MCX Natural Gas Lifetime Low 99.50(20.04.12)

MCX Natural Gas 52 week High 358.70(11.11.18)

MCX Natural Gas 52 week Low 160.30(06.06.19)

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Bullion & Energy Commodities Performance for the Week Dec ''10-14 ''2012

Bullion & Energy Commodities Performance of this Week

Exchange	Commodity	Previous Week	This Week	Change	% Of Change
	Gold	31276	31188	-88	-0.28
	Silver	62692	61294	-1398	-2.23
MCX	Crude oil	4838	4725	-113	-2.34
	Natural Gas	196.2	181	-15.2	-7.75
	Gold	1704.39	1694.32	-10.07	-0.59
CME(USA)	Silver	33.02	32.12	-0.9	-2.73
	Crude oil	86.04	86.86	0.82	0.95
	Natural Gas	3.539	3.293	-0.246	-6.95

Brent Crude Oil

General Characteristics

Brent crude oil is a light sweet crude oil from North Sea. It has API (American Petroleum Institute) gravity between 38-39 and has higher sulphur content than the other well-known benchmark, WTI crude oil. Brent crude oil is a global benchmark for other grades and is widely used to determine crude oil prices in Europe and in other parts of the world. Brent is typically refined in Northwest Europe, but a major portion is been exported to the US Gulf and East Coasts, and also to parts of Mediterranean. It is more expensive than the Organization of Petroleum Exporting Countries (OPEC) basket, but lesser than West Texas Intermediate (WTI) because of higher sulphur content than the WTI crude. Global Scenario Oil accounts for 40 per cent of the world's total energy demand. The world consumes about 76 million bbl/day of oil. United States (20 million bbl/d), followed by China (5.6 million bbl/d) and Japan (5.4 million bbl/d) are the top oil consuming countries. Balance recoverable reserve was estimated at about 142.7 billion tones (in 2002), of which OPEC was 112 billion tones. OPEC fact sheet OPEC stands for 'Organization of Petroleum Exporting Countries'. It is an organization of eleven developing countries that are heavily dependent on oil revenues as their main source of income. The current Members are Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. OPEC controls almost 40 percent of the world's crude oil. It accounts for about 75 per cent of the world's proven oil reserves. Its exports represent 55 per cent of the oil traded internationally. Market Influencing Factors OPEC output and supply .  Terrorism, Weather/storms, War and any other unforeseen geopolitical factors that causes supply disruptions.  Global demand particularly from emerging nations. Dollar fluctuations. DOE / API imports and stocks. Refinery fires & funds buying. Exchanges dealing in Crude Futures The New York Mercantile Exchange (NYMEX) .  The International Petroleum Exchange of London (IPE).  The Tokyo Commodity Exchange (TOCOM). Related Links: MCX live Rate Crude Oil Natural Gas OPEC MCX Trading with Pivot Levels For MCX Intraday Calculator MCX Live Charts  MCX Trading Holidays 2013