EPIC RESEARCH MCX Naturalgas UPDATE OF 4 April 2019

Posted by Commodity Updates by Epic Research on 11:23:00 with No comments

Naturalgas trading range for the day is 181.9-187.5.

* Natural gas prices dropped on forecasts for warmer weather and lower heating demand than previously expected.

* Prices were near recent lows as liquefied natural gas exports remained down from a record high in March

* Utilities likely added 3 billion cubic feet (bcf) of gas to inventories during the week ended March 29, which would be the first storage increase of the year.

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