Friday, 6 January 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 6 JANUARY 2017


Naturalgas trading range for the day is 210.5-229.3. Natural gas declined after data showed that natural gas supplies in storage in the U.S. fell less than expected last week. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. declined by 49 billion cubic feet. That compared with a withdrawal of 237 billion cubic feet in the preceding week, 131 billion a year earlier and a five-year average drop of 107 billion cubic feet.

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