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Monday, 13 February 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 13 FEBRUARY 2017


Naturalgas trading range for the day is 198.4-210.4. Natural gas prices fell extending a recent stretch of losses from winter weather forecasts that keep getting progressively warmer. The bearish signs on demand are compounded by an increasing number of drilling rigs going out around the country. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. declined by 152 billion cubic feet in the week.




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