EPIC RESEARCH MCX Naturalgas UPDATE OF 29 October 2018
Posted by Commodity Updates by Epic Research on 11:48:00 with No comments
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Naturalgas trading range for the day is 228.3-242.1.
* Natural gas fell on forecasts for less cold weather and lower heating demand next week than previously expected.
* The EIA reported that U.S. natural gas stockpiles increased by 58 billion cubic feet for the week-ending October 19.
* Total U.S. stockpiles increased slightly week over week to 16.4% below last year’s level and dipped slightly to 16.8% below the five-year average.
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