Friday 21 September 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 21 September 2018

Naturalgas trading range for the day is 205.1-219.3.

Natural gas prices gained as colder than expected weather is expected to cover most of the United States over the next 8-14 days.

The Energy Information Administration said utilities added a bigger-than-normal 86 billion cubic feet (bcf) of gas into storage during that week.

The increase for the week ended Sept. 14 boosted stockpiles to 2.722 tcf, leaving inventories 17.7 percent below the five-year average.

Demand would have been even higher but for the cooling effect and power outages caused by Hurricane Florence, which hit the North Carolina coast on Sept. 14.

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