EPIC RESEARCH MCX Naturalgas UPDATE OF 27 September 2018
Posted by Commodity Updates by Epic Research on 11:46:00 with No comments
Naturalgas trading range for the day is 213.1-225.9.
* Natural gas fell as forecasts for big storage builds in future weeks amid cooling weather offset predictions for a small inventory build last week.
* Analysts said utilities likely added a much smaller-than-normal 63 billion cubic feet (bcf) of gas into storage during the warmer-than-usual.
* With the weather cooling and production at record highs, forecasted utilities would add a bigger-than-normal 93 bcf into storage during the week ended Sept. 28.
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* Natural gas fell as forecasts for big storage builds in future weeks amid cooling weather offset predictions for a small inventory build last week.
* Analysts said utilities likely added a much smaller-than-normal 63 billion cubic feet (bcf) of gas into storage during the warmer-than-usual.
* With the weather cooling and production at record highs, forecasted utilities would add a bigger-than-normal 93 bcf into storage during the week ended Sept. 28.
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