EPIC RESEARCH MCX NATURALGAS UPDATE OF 05 July 2018
Posted by Commodity Updates by Epic Research on 13:04:00 with No comments
Naturalgas trading range for the day is 192.1-201.3.
Natural gas fell on weather forecasts that did not show much more heat for the next couple of weeks than last week, while production remained near record highs.
Meteorologists forecast temperatures, which have been higher than normal since the start of June, will remain at above-normal levels through at least mid-July.
Production in the lower 48 U.S. states has averaged a record-high 79.9 billion cubic feet per day (bcfd) for the past 30 days.
Meteorologists forecast temperatures, which have been higher than normal since the start of June, will remain at above-normal levels through at least mid-July.
Production in the lower 48 U.S. states has averaged a record-high 79.9 billion cubic feet per day (bcfd) for the past 30 days.
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