20120828 1140 Global Markets & Commodities Related News.

GLOBAL MARKETS-Asian shares steady, seen rangebound
TOKYO, Aug 28 (Reuters) - Markets from stocks to currencies were caught in ranges on Tuesday as investors waited for a gathering of central bankers and economists at Jackson Hole, Wyoming, later in the week for clues over the Federal Reserve's potential easing options.
"The Asian data calendar is second tier today, leaving the focus firmly on regional equities, particularly Shanghai," Westpac Institutional Bank said in a note, noting Monday's fall.

OIL-Oil falls ahead of Isaac, seen hitting refinery demand
NEW YORK, Aug 27 (Reuters) - Brent crude oil futures fell toward $112 a barrel on Monday, reversing early gains as Tropical Storm Isaac shuttered refineries on the U.S. Gulf Coast, cutting demand for crude.
"Traders realize that there is more refining capacity at risk from this storm, and that the risk is also to oil consumption," said analyst Tim Evans at Citi Futures Perspective in New York.

NATURAL GAS - US natgas futures end down, front breaks support
NEW YORK, Aug 27 (Reuters) - U.S. natural gas futures ended lower on Monday, with fading summer demand and record high supplies driving the front-month contract below key support despite early worries about Tropical Storm Isaac churning in the Gulf of Mexico.
"This storm is huge, but it's not that strong. I think the likelihood of infrastructure damage is weighted toward the demand-side and not the supply-side," said Kyle Cooper, managing partner at IAF Advisors in Houston.