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Friday, 13 April 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 13 APRIL 2018

Natural gas trading range for the day is 172.1-178.5. Naturalgas settled up as support seen following a larger than expected draw in natural gas inventories as reported by the Energy Information Administration. The U.S. EIA said in its weekly report that natural gas storage in the U.S. fell by 19 billion cubic feet in the week ended April 6. Total U.S. natural gas storage stood at 1.335 tcf, 35.2% lower than levels at this time a year ago and also 21.9% below the five-year average for this time of year.

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