EPIC RESEARCH MCX NATURAL GAS UPDATE OF 14 MAY 2018

Natural gas trading range for the day is 187.1-192.1. Natural gas prices ended with small gains as support seen smaller-than-expected storage build despite forecasts for continued low demand over the next two weeks. The two biggest factors affecting the gas market in recent weeks were record-high production and the vast storage deficit. Production in the Lower 48 states has averaged a record high 78.9 billion cubic feet per day (bcfd) over the past 30 days.

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