EPIC RESEARCH MCX Naturalgas UPDATE OF 17 August 2018
Posted by Commodity Updates by Epic Research on 12:37:00 with No comments
Naturalgas trading range for the day is 200.5-209.3.
* Natural gas fell after the release of a federal report, which showed a weekly storage build that was slightly higher than expected.
* The U.S. Energy Information Administration reported that utilities added 33 billion cubic feet (bcf) of gas into storage in the week of Aug. 10.
* The increase boosted stockpiles to 2.387 tcf, leaving inventories about 20 percent below the five-year average of 2.982 tcf for this time of year.
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