Posted by aditi on 12:33:00 with No comments
Naturalgas trading range for the day is 192.4-202.8. Natural gas rose on short-covering as traders looked ahead to weekly storage data to gauge supply and demand levels. The natural-gas market is on the defensive in recent days after forecasting models showed cold air exiting the Northeast The weekly storage data due on Thursday, which is expected to show a draw of 130 billion cubic feet in the week ended February 10.
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