EPIC RESEARCH MCX NATURAL GAS UPDATE OF 16 JULY 2018

Natural gas trading range for the day is 186.8-194.4. Natural gas dropped as the market ignored the storage deficit and focused instead on growing, record production. The Energy Information Administration’s (EIA) weekly natural gas storage report showing a miss to the low side of most estimates. According to the EIA, producers injected 51 Bcf into Lower 48 gas stocks for the week-ended July 6, lower than the 59 Bcf injected last year.

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