EPIC RESEARCH MCX Naturalgas UPDATE OF 21 November 2018

Posted by Commodity Updates by Epic Research on 11:16:00 with No comments

Naturalgas trading range for the day is 293.9-343.1.

* Natural gas retreated after forecasts for a little less cold weather and heating demand over the next two weeks than previously expected.

* Utilities likely pulled gas out of storage for the first time this season during the extremely frigid weather during the week ended Nov. 16.

* Gas output in the lower 48 states averaged a record high 87.0 bcfd over the past 30 days. -

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