EPIC RESEARCH MCX Naturalgas UPDATE OF 31 July 2018

Posted by Commodity Updates by Epic Research on 13:44:00 with No comments
Naturalgas trading range for the day is 189.7-195.3.

* Natural gas remained supported amid forecasts for more hot weather and higher demand next week than previously expected.

* Production in the Lower 48 U.S. states averaged a record-high 81.0 billion cubic feet per day over the past 30 days.

* Working gas stocks are on pace to end the refill season lower than the five-year range, net injections into storage are 19% lower than the five-year average rate.

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