Europe targets green after Bank of Japan shock. Asia closes mixed – Markets in a minute
Oil practically unchanged. Gas prices under 100 euros
Oil continues to trade practically unchanged, at a time when a report from the American Petroleum Institute (API) shows that US crude stockpiles fell by more than 3 million barrels last week.
West Texas Intermediate (WTI) – traded in New York – lost 0.09% to 76,16 dollars, while North Sea Brent – the benchmark for European imports – increased by 0.06% to 80,04 euro.
Despite the drop in reserves, which could put crude supplies at risk, investors are also assessing the possible impact of easing restrictions in China – the biggest oil importer crude in the world.
In the natural gas market, prices continue to devalue for the fourth consecutive day, at a time when imports of liquefied natural gas (LNG) and higher-than-usual reserves alleviate concerns about supply issues.
One-month gas contract prices traded in Amsterdam, FTT, fell by 6.3% to 99.015 euros per megawatt-hour, and were below 100 euros per MwH for the first time in a month.
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