EPIC RESEARCH MCX Naturalgas UPDATE OF 27 November 2018

Posted by Commodity Updates by Epic Research on 11:30:00 with No comments

Naturalgas trading range for the day is 272.7-320.7.

* Natural gas slipped due to forecasts for warmer weather and lower demand over the next two weeks than previously expected on Friday.

* Lower demand and the expected return of near-record daily production this week should cut the amount of gas utilities have to pull out of storage in coming weeks.

* Gas output in the lower 48 states averaged a record high 87.2 bcfd over the past 30 days. -

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