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Tuesday, 29 May 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 29 MAY 2018

Natural gas trading range for the day is 197.1-205.7. Natural gas prices remained supported on concerns warm weather going into the summer will cause power generators to burn more gas than usual. Warm weather so far this spring and forecasts for temperatures to remain higher than normal through at least the second week of June. Projected gas demand in the Lower 48 U.S. states would rise to 72.0 billion cubic feet per day (bcfd).

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