Natural Gas futures ended higher in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity as outlook for mostly warm weather in many US regions in the coming weeks bolstered the demand outlook for the fuel which is used for firing –up air conditioners. NatGasWeather.com predicted warm temperatures in the western and southern US in the coming days, boosting cooling demand.
At the MCX, Natural gas futures for July 2014 contract closed at Rs. 262.20 per mmBtu, up by 0.23 per cent, after opening at Rs 262.20, against the previous closing price of Rs 261.60. It touched an intra-day high of Rs 263.20.
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