EPIC RESEARCH MCX NATURAL GAS UPDATE OF 13 JUNE 2016
Posted by Unknown on 11:27:00 with No comments
Naturalgas trading range for the day is
168.9-176.1.
Natural gas prices ended with losses on expectations that the current glut of the fuel could shrink faster than expected.
Prices on Thursday jumped to a nine-month high after government data showed a supply gain that fell short of estimates, signaling production declines.
Natural gas has surged from a 17-year low in March on speculation that a sweltering summer will boost demand as explorers in shale reservoirs curtail production.
Natural gas prices ended with losses on expectations that the current glut of the fuel could shrink faster than expected.
Prices on Thursday jumped to a nine-month high after government data showed a supply gain that fell short of estimates, signaling production declines.
Natural gas has surged from a 17-year low in March on speculation that a sweltering summer will boost demand as explorers in shale reservoirs curtail production.
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