EPIC RESEARCH MCX Naturalgas UPDATE OF 6 February 2019

Posted by Commodity Updates by Epic Research on 12:25:00 with No comments

Naturalgas trading range for the day is 187.9-196.7.

Natural gas dropped following the release of weather forecasts predicting less cold weather over the next two weeks than previously expected.

Despite last week's record cold in the U.S. Midwest that boosted demand for gas to a record high.

With the weather expected to be a little warmer than previously expected, demand for gas in the lower 48 U.S. states would reach 117.0 bcfd.

Gas production in the Lower 48 states edged up to 86.5 bcfd on Monday from a fourmonth low of 85.0 bcfd on Jan. 31.

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