EPIC RESEARCH MCX Naturalgas UPDATE OF 26 November 2018

Posted by Commodity Updates by Epic Research on 11:08:00 with No comments

Naturalgas trading range for the day is 287.3-334.1.

* Natural gas gained on forecasts for colder weather than previously expected, prompting worries that prices could spike even higher this winter.

* EIA said utilities pulled a massive 134 billion cubic feet of gas from inventories during the extremely frigid week.

* The decrease cut stockpiles to 3.113 tcf, 18.6 percent below the five-year average of 3.823 tcf for this time of year and the lowest for the week since 2002.

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