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Friday 14 December 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 14 December 2018

Naturalgas trading range for the day is 280.8-316.4.

* Natural gas prices edged lower after the release of a federal report showed a smaller-than-expected weekly storage draw and midday forecast for warmer weather.

* The weather over the next 8-14 days is expected to be warmer than normal which should weigh on natural gas prices as heating demand slips.

* The U.S. Energy Information Administration (EIA) said utilities pulled 77 billion cubic feet (bcf) of gas from inventories during the week.

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