EPIC RESEARCH MCX NATURAL GAS UPDATE OF 22 MAY 2017

Naturalgas trading range for the day is 204.1-214.9. Natural gas prices ended with gains on some short covering, but prices dropped by 4.14% on weekly basis amid expectations of a drop in demand.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 68 billion cubic feet.Total natural gas in storage currently stands at 2.369 trillion cubic feet, according to the U.S. EIA, 13.6% lower than levels at this time a year ago.



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