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Wednesday 9 May 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 9 MAY 2018


Natural gas trading range for the day is 179.7-188.3. Natural gas edged lower weighed down by higher production levels amid an outlook for milder weather. Pressure also seen amid speculation the start of spring will bring warmer temperatures throughout the U.S. and cut into demand for the fuel. Total natural gas in storage currently stands at 1.343 trillion cubic feet (tcf), according to the U.S. Energy Information Administration.

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