Tuesday 20 May 2014

CAPITAL STROKE COMMODITY UPDATE 20 MAY 2014: MCX NATURAL GAS

Naturalgas trading range for the day is 255.9-268.3.

Natural gas prices rose as market players assessed the outlook for U.S. supply levels.

Meanwhile, updated weather forecasting models called for mild springtime temperatures, was likely to lower heating demand.

EIA said that natural gas storage in the U.S. rose by 97 billion cubic feet last week, below forecasts for an increase of 99 billion cubic feet.


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