EPIC RESEARCH MCX NATURAL GAS UPDATE OF 01 June 2018

Naturalgas trading range for the day is 193.3-204.9.

Natural gas jumped following a report showing a smaller-than-expected weekly storage build, prompting concerns record production may not be enough.

The U.S. Energy Information Administration (EIA) said utilities added 96 billion cubic feet (bcf) of gas into storage during the week ended May 25.

The latest increase boosted stockpiles to 1.725 trillion cubic feet (tcf), 22.5 percent below the five-year average of 2.225 tcf for this time of year

Production in the Lower 48 states has averaged a record 79.3 billion cubic feet per day (bcfd) over the past 30 days.
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