Winter outlook lifts Natural Gas
10/12/2014 09:36
Natural Gas futures ended higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity amid speculation that colder weather in January and February may boost heating demand for the fuel. According to CWG, the US East Coast and South may sea cooler temperatures next week, spurring heating demand. 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. 229.10 per mmBtu, up by 1.64 per cent, after opening at Rs 227.40, against the previous closing price of Rs 225.40. It touched an intra-day high of Rs 231.30.
10/12/2014 09:36
Natural Gas futures ended higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity amid speculation that colder weather in January and February may boost heating demand for the fuel. According to CWG, the US East Coast and South may sea cooler temperatures next week, spurring heating demand. 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. 229.10 per mmBtu, up by 1.64 per cent, after opening at Rs 227.40, against the previous closing price of Rs 225.40. It touched an intra-day high of Rs 231.30.
