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Monday, 16 May 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 16 MAY 2016

Naturalgas trading range for the day is 135.7-148.1.       
Natural gas prices ended with losses weighed down by a lingering oversupply.              
In its weekly report the EIA said natural gas storage in the week ended May 6 rose by 56 billion cubic feet, compared to expectations for an increase of 58 bcf.
Stocks were 816 bcf higher than last year at this time and 813 bcf above the five-year average of 1,868 bcf for this time of year. 

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