Thursday 24 April 2014

CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014: MCX NATURAL GAS

Natural gas trading range for the day is 286.7-294.5.
Natural gas gained after updated weather-forecasting models continued to call for below-normal temperatures in the coming week.
U.S. EIA said in its weekly report that natural gas storage in the U.S. rose by 49 billion cubic feet.





The forecasts also raised ongoing concerns over whether natural gas producers will be able to refill inventories before the next heating season.


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