EPIC RESEARCH MCX NATURAL GAS UPDATE OF 04 June 2018

Posted by Commodity Updates by Epic Research on 13:51:00 with No comments

Naturalgas trading range for the day is 196.2-200.6.

Natural gas dropped on profit booking as the market took a break after jumping the previous day on a smaller-than-expected weekly storage build.

That build was less than the five-year normal for the week for the first time in May and is expected to be followed by another smaller-than-usual build in federal report.

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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