Naturalgas trading range for the day is 178.6-185.6.
Natural gas fell on forecasts for warmer weather and lower than previously expected heating demand next week.
Utilities likely added a much bigger than normal 80 billion cubic feet (bcf) of gas to inventories during the week ended April 12.
The market has become much less volatile over the past couple of months just like last year as the weather moderates for the spring
With the weather expected to warm, data projected demand in the Lower 48 U.S. states would only reach an average of 77.7 bcfd
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316
No comments:
Post a Comment