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Friday 22 February 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 22 February 2019

Naturalgas trading range for the day is 185.8-195.2.

* Natural gas gained boosted by forecasts for colder weather and a bigger-than-expected withdrawal from storage.

* The US EIA said utilities pulled 177 billion cubic feet (bcf) of gas from inventories during the week ended Feb. 15.

* Concerns of spring-like temperatures during the second half of March, and oversupply with production slowly creeping back up near new highs.

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