Natural Gas futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity amid weak
cues from overseas markets as forecasts for milder weather in the US dimmed the demand outlook for the heating fuel.
Investors were cautious ahead of the weekly US supply data which may show a stockpiles withdrawal of 53 billion cubic feet to 100 billion cubic feet
last week, compared to a dip of 74 billion cubic feet in the same period last year. At the MCX, Natural gas futures for March 2014 contract closed at
Rs. 273.10 per mmBtu, down by 0.15 per cent, after opening at Rs 273.70, against the previous closing price of Rs 273.50. It touched an intra-day
low of Rs 270.10.
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