EPIC RESEARCH MCX NATURALGAS UPDATE OF 20 July 2018
Posted by Commodity Updates by Epic Research on 12:42:00 with No comments
Naturalgas trading range for the day is 185-194.8.
* Natural gas prices surged, rallying from support levels, following a smaller than expected build in natural gas inventories.
* The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. increased by 46 billion cubic feet.
* The lower than expected build has flattened the trajectory of builds leaving stocks well below the average of the 5-year range.
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