EPIC RESEARCH MCX Naturalgas UPDATE OF 2 November 2018

Posted by Commodity Updates by Epic Research on 11:28:00 with No comments

Naturalgas trading range for the day is 231.1-247.1.

* Natural gas eased after a report showing a weekly storage build that was in line with estimates.

* The U.S. Energy Information Administration (EIA) said utilities added 48 billion cubic feet (bcf) of gas into storage during the week ended Oct. 26.

* The increase boosted stockpiles to 3.143 tcf, leaving inventories 16.9 percent below the five-year average of 3.781 tcf for this time of year.

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