EPIC RESEARCH MCX Naturalgas UPDATE OF 1 February 2019

Posted by Commodity Updates by Epic Research on 14:33:00 with No comments

Naturalgas trading range for the day is 193.7-212.5.
* Natural gas slipped as the market focused on forecasts for warmer weather next week and a smaller-than-expected weekly storage draw.
* EIA said utilities pulled 173 billion cubic feet (bcf) of gas from inventories during the colder-than-normal week ended Jan. 25.
* The decline for the week to Jan. 25 cut stockpiles to 2.197 trillion cubic feet (tcf), 13.0 percent below the five-year average of 2.525 tcf for this time of year

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