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Natural Gas Fell Amid Oversupply Caused By A Mild Winter And Record Output Levels.

Natural gas prices experienced a decline of -2.55%, settling at 153.1, primarily due to oversupply resulting from a mild winter and record output levels. U.S. utilities withdrew 96 billion cubic feet of natural gas from storage in the week ending February 23, 2024, exceeding market expectations of an 88 bcf draw. Despite this draw, stockpiles remain high at 2.374 trillion cubic feet (tcf), surpassing last year’s levels by 248 bcf and exceeding the five-year average by 498 bcf. 

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Oil prices rise as Gaza deaths complicate ceasefire talks.

Oil prices rose on Friday and were set to end the week modestly higher as talks over a potential ceasefire in Gaza were further complicated by the deaths of more than 100 Palestinians waiting for an aid delivery.

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Oil prices ease, US crude stock build fuels demand fears

Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer also added to pressure.

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BSE Midcap and Smallcap indices fell 2 percent each.

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Oil eases as Fed caution outweighs talk of OPEC+ cut extensions..

Oil prices slipped in early Asian trade on Wednesday as the prospect of a delayed U.S. rate cutting cycle offset the boost provided by talk of extensions to production cuts from OPEC+.

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