EPIC RESEARCH MCX Naturalgas UPDATE OF 11 December 2018

Posted by Commodity Updates by Epic Research on 11:56:00 with No comments


Naturalgas trading range for the day is 313-345.8.

Natural gas rose on expectations of a possible cold spell by the end of this month that could increase heating demand as the market battles a storage deficit.

Prices are buoyed despite warmer than normal weather which is expected to cover most of the United States for the next 8-14 days.

Inventories are well below the 5-year average range for this time of year, while prices are still $2 per mmbtu below the 5-year high.

The EIA reports that the average total supply of natural gas remained the same as in the previous report week, averaging 92.7 Bcf per day.


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