Friday, 14 July 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 14 JULY 2017

Naturalgas trading range for the day is 187.9-197.1. Natural gas settled down but support seen after weekly data showed that supplies in storage in the US rose less than expected last week.Energy Information Administration said in its weekly report that natural gas storage in the US rose by 57bcf. Total US natural gas storage stood at 2.945 tcf, 8.9% lower than levels at this time a year ago and 6.2% above the 5 year average for this time of year.

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