Crude oil tumbles on Libya unrest

Nymex crude oil prices traded down by 1.6 percent on Thursday, mainly due to a stronger dollar coupled with poor sentiments in the global financial markets.
Oil recovered most of its losses in the late trading session after reports of police firing on protesters in Saudi Arabia fuelling fears of further unrest in the world's top exporter.
Crude oil prices touched an intra-day low of $100.62/bbl and closed at $102.71/bbl yesterday.
Natural gas
Natural Gas Inventories decline
As per report released by the US Energy Department yesterday, natural gas stocks declined 71 billion cubic feet (bcf) for the week ending 4th March.
Gas prices declined almost 2.5 percent on the Nymex on Thursday, to close at $3.831/mmBtu. Prices slipped mainly on the back strength in the US dollar and mixed sentiments in the global financial markets yesterday.
On the MCX, natural gas prices were down by 1.5 percent to close at ` 174.2 on Thursday. Sharp declines were cushion due to depreciation in the Rupee on the domestic platform
Outlook Crude Oil
We expect crude oil prices to trade higher as increasing tensions in the Middle-East region will raise supply fears and support prices today.

(Source: http://www.commodityonline.com/futures-trading/technical/Crude-oil-tumbles-on-Libya-unrest-22510.html)