EPIC RESEARCH MCX NATURAL GAS UPDATE OF 23 MARCH 2018

Natural gas trading range for the day is 168.5-175.3. Natural gas dropped after data showed that domestic supplies in storage fell broadly in line with expectations last week. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. fell by 86 billion cubic feet (bcf). That compared with a decline of 93 bcf in the preceding week, a fall of 150 bcf a year earlier and a five-year average drop of 53 bcf.

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