Natural Gas futures closed higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for a spell of cold weather across the US in the near-term bolstered the demand outlook for the heating fuel. Latest weather forecasting models predicted cooler than normal temperatures in north-central US and Northeast in the third week of October.
At the MCX, Natural gas futures for October 2014 contract closed at Rs. 243.50 per mmBtu, up by 0.83 per cent, after opening at Rs 240.10, against the previous closing price of Rs 241.10. It touched an intra-day high of Rs 244.50.
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