What are the reasons for the sharp drop in natural gas and the sharp rise in oil distribution?
Natural gas fell sharply and oil distribution rose sharply, as the US stock market rebounded and the US dollar weakened, prompting traders to get rid of the impact of the International Energy Agency (IEA)' s downward adjustment of 202 1 crude oil demand forecast. The falling dollar pushed the closing price of oilcloth up by more than 2%! Natural gas futures prices plummeted by 7%. The reason is that the US stock market rebounded and the dollar weakened, prompting traders to get rid of the impact of the International Energy Agency's (IEA) downward adjustment of 202 1 crude oil demand forecast. At the same time, natural gas futures have been hit because the latest weather forecast has reduced the demand prospect of this heating fuel.