EPIC RESEARCH MCX NATURAL GAS UPDATE OF 1 AUGUST 2016

Posted by Farhan Khan on 12:18:00 with No comments
Naturalgas trading range for the day is 188.4-197.6.        
Natural gas dropped on profit booking after gained in last session after data showed that the build in the gas inventories last was the lowest for a summer week since 2006.        
The U.S. Energy Information Administration (EIA) said that working gas in storage increased by 17 billion cubic feet (bcf) to 3,294 bcf.      
Total U.S. natural gas storage stood at 3.294 tcf, 13.2% higher than levels at this time a year ago and 15.9% above the five-year average for this time of year.


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