Warm weather forecasts hit Natural Gas
09/12/2014 09:40
Natural gas futures ended lower in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as forecasts for milder than usual weather across the US in December dimmed the demand outlook for the heating fuel. About 49 per cent of US households use natural gas for heating purposes. November to March is the peak winter demand heating season in the US. At the MCX, Natural gas futures for December 2014 contract closed at Rs. 225.40 per mmBtu, down by 4.85 per cent, after opening at Rs 235.80, against the previous closing price of Rs 236.90. It touched an intra-day low of Rs 224.30
09/12/2014 09:40
Natural gas futures ended lower in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as forecasts for milder than usual weather across the US in December dimmed the demand outlook for the heating fuel. About 49 per cent of US households use natural gas for heating purposes. November to March is the peak winter demand heating season in the US. At the MCX, Natural gas futures for December 2014 contract closed at Rs. 225.40 per mmBtu, down by 4.85 per cent, after opening at Rs 235.80, against the previous closing price of Rs 236.90. It touched an intra-day low of Rs 224.30
