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Tuesday 18 December 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 18 December 2018

Naturalgas trading range for the day is 241.7-273.7.

Natural gas prices tumbled as warmer than normal weather is expected to cover most of the United States for the next 2-weeks.

Warmer weather reducing heating demand, and traders are speculating that prices will decline, this comes despite lower than average inventory levels.

According to data from the EIA, the average total supply of natural gas remained the same as in the previous report week, averaging 92.6 Bcf per day.

Total U.S. consumption of natural gas rose by 15% compared with the previous report week, according to data from the EIA.

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