EPIC RESEARCH MCX NATURAL GAS UPDATE OF 12 June 2018
Posted by Commodity Updates by Epic Research on 12:59:00 with No comments
Naturalgas trading range for the day is 194.9-202.3.
Natural gas gained as updated forecasting models pointed to above-average temperatures covering most of the country over the next two weeks.
Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early summer cooling demand.
That compares with a build of 92 bcf in the preceding week, an increase of 78 bcf a year earlier and a five-year average rise of 91 bcf.
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