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Thursday 6 December 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 6 December 2018

Naturalgas trading range for the day is 302.5-332.5.

Natural gas pared gains on profit booking and forecasts for warmer weather in coming weeks.

Stockpiles are about 19 percent below normal for this time of year, the lowest in around 16 years.

To reduce that storage deficit, production needs to remain at record levels.

Output, however, has slipped over the past few days due mostly to reductions from the offshore Gulf of Mexico

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