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Monday 8 October 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 08 October 2018

Naturalgas trading range for the day is 226.4-242.8.

* Natural gas eased as a much bigger-than-expected storage build last week offset upwardly revised forecasts for more demand in coming weeks.

* The Energy Information Administration released its report on US natural gas inventories, showing a buildup of 98 billion cubic feet.

* Total stocks are now down to 2.8666 trillion cubic feet from 2.768 trillion, which is below the total of the same period in 2017 at 3.502 trillion.

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