EPIC RESEARCH MCX NATURAL GAS UPDATE OF 16 DECEMBER 2016

Posted by aditi on 11:05:00 with No comments
Naturalgas trading range for the day is 223.3-248.7. Natural gas dropped as worries about approaching warmer weather outweighed storage data that showed an unexpectedly large draw from inventories. The US EIA said in its weekly report that natural gas stockpiles fell by 147bcf in the week ended Dec. 9. Meanwhile EIA/GAS Weather models projected temperatures will remain much colder than normal through Dec. 20 before turning warmer than normal .



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