Natural Gas futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts for warmer temperatures in the US dimmed the demand outlook for the heating fuel. The Commodity Weather Group LLC forecasted a mix of average and above-normal temperatures in the US from April 21 through April 25, 2014.
At the MCX, Natural gas futures for April 2014 contract closed at Rs. 274.40 per mmBtu, down by 0.69 per cent, after opening at Rs 275.10, against the previous closing price of Rs 276.30. It touched an intra-day low of Rs 273.50.
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