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Friday 26 October 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 26 October 2018



Naturalgas trading range for the day is 228.7-239.9.

* Natural gas rose after a U.S. government reported a smaller-than-usual weekly storage build and on forecasts for cooler weather over the next two weeks.

* The US EIA said utilities added 63 billion cubic feet (bcf) of gas into storage during the week ended Oct. 19.

* The increase for the week ended Oct. 19 boosted stockpiles to 3.095 tcf, leaving inventories 16.8 percent below the five-year average of 3.719 tcf.


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