Natural Gas juggles around $2.30 ahead of OPEC’s meet and US Employment Change – by Sagar_Dua24 Gas Fed OPEC Oil Employment
ecovery from the crucial support of $2.28 to provide a level ground to investors ahead of OPEC’s meeting. members and Russian leaders. Tensions between Russia and Saudi Arabia have remained higher as the former is consistently pumping cheaper oil in the global economy, undermining efforts made by the latter to bolster energy prices.
Investors should note that oil and natural gas are close substitutes and a steady or weak oil price could impact demand for natural gas significantly. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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