EPIC RESEARCH MCX Naturalgas UPDATE OF 16 April 2019

Posted by Commodity Updates by Epic Research on 11:33:00 with No comments

Naturalgas trading range for the day is 178.6-185.6.

Natural gas fell on forecasts for warmer weather and lower than previously expected heating demand next week.

Utilities likely added a much bigger than normal 80 billion cubic feet (bcf) of gas to inventories during the week ended April 12.

The market has become much less volatile over the past couple of months just like last year as the weather moderates for the spring

With the weather expected to warm, data projected demand in the Lower 48 U.S. states would only reach an average of 77.7 bcfd

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