EPIC RESEARCH MCX NATURALGAS UPDATE OF 15 June 2018

Posted by Commodity Updates by Epic Research on 13:19:00 with No comments

Naturalgas trading range for the day is 197.3-203.1.

Natural gas remained supported despite a bigger-than-expected weekly storage build on concerns future injections may not be big enough.

The U.S. Energy Information Administration said utilities added a bigger-than-expected 96 bcf of gas to storage during the week.

The latest increase boosted stockpiles to 1.913 tcf, leaving inventories 21 percent below the five-year average of 2.420 tcf for this time of year.

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