EPIC RESEARCH MCX Naturalgas UPDATE OF 8 February 2019

Posted by Commodity Updates by Epic Research on 12:40:00 with No comments

Naturalgas trading range for the day is 175.4-197.6.

* Natural gas dropped after forecasts for warmer weather in February and a smaller-than-expected storage decline revived speculative selling.

* EIA said utilities pulled 237 billion cubic feet (bcf) of gas from inventories during the brutally cold week ended Feb. 1.

* Gas production in the Lower 48 states, meanwhile, rose to 86.5 bcfd from a four-month low of 85.0 bcfd on Jan. 31

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