EPIC RESEARCH MCX NATURAL GAS UPDATE OF 05 MAY 2017

Naturalgas trading range for the day is 200.2-211. Natural gas prices dropped after data showed that natural gas supplies in storage in the U.S. rose more than expected last week. Natural gas prices are impacted by the spread between natural gas inventories and their five-year average. EIA said in its weekly report that natural gas storage in the US rose by 67bcf against 61bcf in the week ended April 28.

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